Q: Does the selling of 1M shares by Mr, Dean Swanberg impact your current recommendation of ZDC ?
5i Research Answer:
Mr. Dean still owns about 18% of the company. If we look at it from a dollar-exposure point of view, with the stock up 225% in the past year, even with the sale he still has more money at risk than he did a year ago. We can live with some insider selling on a stock that has gone up so much and it does not change our view.