The CEO went on Bloomberg yesterday to pump the stock.
He did not tell the audience that he put an order to sell 1,003,931 shares just hours earlier (at a low expected price of about $41). The CFO sold only 40,533 shares. Both selling according to a 10b5-1 selling plan supposedly adopted on March 4, 2021 (but that plan was not disclosed in the two prior 144 forms filed by the CEO)... Nice.
There are some gems in the Bloomberg interview - more later.
Update April 7, 2021:
Gem #1: The tube the CEO is holding, while selling his shares, is fake, non-functional - it appears the vacuum sealing has failed (if there was ever one) - and cathode elements are falling off...
Gem #2: 5 tubes in Nanox.Arc, not 6. The CEO insisted on 6 tubes in Nanox.Arc (and finalized design) at RSNA 2020.
Gem #3: The predicate device for Nanox.Cart is one of GE machines. That indicates potentially fraudulent 510(k) submission, as all GE machines (that I am aware of) under the IZL product code can do Chest PA, the most common x-ray image done in the world, while Nanox.Cart, as demoed at RSNA 2020, can't. The upcoming 510(k) summary should shed more clarity here.
Update December 12, 2021: The interview is still available on Youtube. The CART is not cleared for chest, only for hands, wrists, and fingers.
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