RE: [SteemDown.com] - Which whales are powering down? by dennygalindo

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steem · @dennygalindo · Aug 1 '16 (edited)

$0.80

This might be the future of all corporations imagine if you could see exactly when the CEOs of major corporations were selling. Thanks for building.

👍 liondani, johnsmith, sandwich, justtryme90, dennygalindo, bitcoiner, tronix1887

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@bitcoiner · Aug 1 '16

Yes, the blockchain gives total transparency! And as an aside, this was what TheDAO was aiming for. Too bad of its fate though. Anyway, you're welcome!

👍 dennygalindo, cybercodetwins

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@williambanks · Aug 1 '16

$0.22

@dennygalindo For publicly traded companies at least, the CEO and other key people are required to file a notice with the SEC and publish it explaining when they will be selling and how much.  This has if I recall correctly, a 90 day in advance window attached to it.

Not doing this is called insider trading and could also run afoul of sarbanes oxley.

Cool tool though!  I upvoted!

👍 theoretical, sandwich, dennygalindo, cybercodetwins

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@bitcoiner · Aug 1 '16 (edited)

Thank you for upvoting, @williambanks. Huge fan of your work like #steembots and #payitforward! Cheers!

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@williambanks · Aug 1 '16

@bitcoiner Thanks, I really appreciate the props like that.  Comments like that make it all worthwhile.  BTW feel free to play #payitforward  All you do is add the tag to the beginning of your post then find any other blog with that tag and cross post, <a href="https://steemit.com/steemit/@williambanks/pay-it-forward-a-better-way-to-enjoy-steemit-and-find-great-content">even mine</a> !  :)

I think it's the most powerful tool we minnows can build on right now.

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@cybercodetwins · Aug 1 '16

Does this mean this site gonna get be called out by Feds or other governmental agency?

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@bitcoiner · Aug 1 '16 (edited)

Haha, let's hope not =D  I am but a humble developer =O ... and #minnow! *JUST KEEP SWIMMING, JUST KEEP SWIMMING!*

👍 peacekeeper

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2 replies

@dennygalindo · Aug 1 '16 (edited)

In equities it is after the fact though, this is before the action occurs. Much better to get word 7 days before than after.

👍 sandwich, dennygalindo

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@bitcoiner · Aug 1 '16

7 days of public shaming! Lol

👍 andu

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