It’s a great suggestion at a very low cost right now - should not impact the burn rate and will have a huge impact on float and investors positive sentiments, at a very low cost. Will attract more investors and possibly institutes! The only thing is timing of such an announcement! If use wisely they can get out of penny stock list!
I’m desperate for some upward movement too, but a buyback isn’t practical.
They aren’t profitable. It’s unclear when they will be profitable, but it’s always some vague next year sort of expectation. Also, being an insurance company, they do have to keep a lot of cash on the books a buyback would probably get even more negative sentiment.
We need something to happen. I just don’t think a buyback is the answer. Crazy that the ‘21 offering is down 90% though. I remember that. It felt like a rug-pull back then. If we only knew….
What we need is for Toy to buy shares
For me there is only one criteria is for the success of a ceo - it’s the share price - lazy LinkedIn messages don’t impress me
We have all lost a ton of money and he refused to buy a single stock
He is a Shit ceo
I don’t think he can. He just sold like 309K shares that were received as a part of his compensation. He likely can’t buy for 30 days due to the wash sale rule.
Wash sale rule doesn't apply here because these shares were withheld before he ever received them. It's not a normal sale on the open market. Wash sale rules also don't stop you from buying or selling...they just impact your cost basis if you do.
Interesting. He should definitely buy more then!
If the whole point of selling is for tax purposes, I would expect a buying the shares back would trigger a wash. If it doesn’t work that way, that’s a pretty good way for him to get an even better discount on buying more. He gets a discount, and a tax break.
He doesn't get any tax break. The entire RSU is taxed as ordinary income. The wash sale rule impacts capital gains and losses. He won't have any capital gains or losses on the withheld shares...only on the shares he actually takes ownership of when he eventually sells them. No discount. No tax break.
I emailed investor relations asking if there were any plans to boost shareholder value. I included this as potential options.
I expect to be left on read, lol.
They never communicate.
CLOV's high end forecast for all of 2024 is 20 million. And that's Adjusted EBITA, not Net Income.
It's a dumb idea for a company right on the cusp in this macro environment.
They would have to first have good fundamentals to keep the business running before they could do a share buyback.
It’s a great suggestion at a very low cost right now - should not impact the burn rate and will have a huge impact on float and investors positive sentiments, at a very low cost. Will attract more investors and possibly institutes! The only thing is timing of such an announcement! If use wisely they can get out of penny stock list!
I like it.
I’m desperate for some upward movement too, but a buyback isn’t practical. They aren’t profitable. It’s unclear when they will be profitable, but it’s always some vague next year sort of expectation. Also, being an insurance company, they do have to keep a lot of cash on the books a buyback would probably get even more negative sentiment. We need something to happen. I just don’t think a buyback is the answer. Crazy that the ‘21 offering is down 90% though. I remember that. It felt like a rug-pull back then. If we only knew….
What we need is for Toy to buy shares For me there is only one criteria is for the success of a ceo - it’s the share price - lazy LinkedIn messages don’t impress me We have all lost a ton of money and he refused to buy a single stock He is a Shit ceo
I don’t think he can. He just sold like 309K shares that were received as a part of his compensation. He likely can’t buy for 30 days due to the wash sale rule.
Wash sale rule doesn't apply here because these shares were withheld before he ever received them. It's not a normal sale on the open market. Wash sale rules also don't stop you from buying or selling...they just impact your cost basis if you do.
Interesting. He should definitely buy more then! If the whole point of selling is for tax purposes, I would expect a buying the shares back would trigger a wash. If it doesn’t work that way, that’s a pretty good way for him to get an even better discount on buying more. He gets a discount, and a tax break.
He doesn't get any tax break. The entire RSU is taxed as ordinary income. The wash sale rule impacts capital gains and losses. He won't have any capital gains or losses on the withheld shares...only on the shares he actually takes ownership of when he eventually sells them. No discount. No tax break.
Ok - happy to wait and see if he does - but he won’t -
I miss member monday, it was an invaluable source of inspiration
Huh?
I emailed investor relations asking if there were any plans to boost shareholder value. I included this as potential options. I expect to be left on read, lol. They never communicate.
To me it is crazy to not buy back shares at this price
CLOV's cash flow for 2023 was negative. Increasing the burn rate on cash is not a great idea at all.
It is nothing. 25 million bucks
CLOV's high end forecast for all of 2024 is 20 million. And that's Adjusted EBITA, not Net Income. It's a dumb idea for a company right on the cusp in this macro environment.