I think this is a guy that we definitely want to see stay with Poseidon, he is a brilliant innovator and the future success of PSN will be more assured with him there. His recent forced sale of an indirect holding is unfortunate for him but has no significance for the rest of us. Many insiders use company stock to margin other positions, it is legal and done all the time. If the account becomes under margined the brokerage house has legal right to sell the stock. He like the rest of the longs would not have anticipated that PSN could fall as far as it did. So looking at the small amount of stock he sold would indicate that he wasn't heaily margined. Forced sales by insiders often mark the lows in a decline, look at CHK and DIS.
Cliff is another insider (including Joe) who I would like to see stay. Quit bashing these guys.