Kersasp Shekhdar
Value, long only, long-term horizon, Food (All) and Metals & Mining

Rocky Mountain Chocolate Factory: Going Once, Going Twice... Sold!

Recent News

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) was lately in the news for a reason that would concern shareholders: insiders unloading shares like there's no tomorrow. We've all heard of rats deserting a sinking ship but is this a case of officers deserting the ship?

The company's C.F.O. sold 30,000 shares and another officer sold 4000-plus shares among other similar news items. Indeed, during the past 12 months officers bought only 23,640 shares while they sold nearly ten times as many at 220,060 of which 114,927 were sold only in the last three months.

However, an 8-K dated 2014-07-16 discloses that out of these approximately 115,000 shares, 55,000 shares were purchased by the company from officers and directors...

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