May 17th, 2014
$EMES Update: attached CEO.05.14.14.EMES.Sale.
On May 14th, $EMES started to decline.On May 16th we found out why. Here are a few links, images highlighting what happened on May 14th.
Insiders sold on May 14th. May 14th was when their phantom units vested. Insiders sold for many reasons. The CEO states ‘ALL’ of his sales were due to the vesting and to pay for tax reasons.
I haven’t sold any fracking units or options. The business model is fairly simple: fracking requires “sand”. $EMES, $HCLP, $SLCA all have rising average selling prices for their “sand”. Demand exceeds supply. This is a growing and new business – and we are in the best publicly traded entities.
Cramer’s knowledge on $EMES is “suspect”. I don’t know if the general public knows about $EMES 2 new mine approvals, which will increase the distribution payout.
Unless one knew insiders were selling due to vesting and taxation reasons, guessing why the units were falling was based upon a lack of the facts. The May 16th Form 4 are the facts for a May 14th selling pressure on $EMES units.