Maybe because they aren't worth anything... Or at least shouldn't be.
How a Regional Feeder can be worth more than its Mainline contractor is totally beyond me.
You obviously have NO CLUE about the stock market. The actual price of a stock has no bearing on how much value it has. A stock priced at $3.00 could be considered much more expensive that a stock priced at $95.00. You have to look at is price to earning ratio (P/E) to determine growth as well as the companies outstanding shares. In this case, you could say Republic (RJET) is overvalued at $13.00, meaning its not worth paying 13 for it. Most investors say that with RJET's Low P/E ratio and current outstanding shares, it might be worth $13.00. Do some homework.
As for the selling of the shares. I havent heard of Bedford cashing in on his stock. I know that with some companies preffered stock, executives are required to sell it within a certain amount of time, like when they did the IPO. Bedford recieved an amount of shares initially, then was required to sell it within a couple of days of the IPO.
Wexford capital no longer owns a controlling share of RJET as a result of their recent stock offering.
Please forgive the spelling.....