Image Protect Inc (IMTL)

[rjbluesky]

With the filing this week advising of IMTL COO Jonathan Thomas selling approx. 38 mil shares, IMO something is going on behind the lines for this to happen. The question is why would an officer be selling most if not all of his common shares (appears to be a private transaction) and to whom and what price? The filing indicated the transaction was to have taken place on or about Nov 7. Are we looking at the potential of a new controlling entity taking over IMTL via a merger/buyout? Hence, a possible reason the share price has been mired up at these levels so a certain group can get cheap shares. It makes no sense to me that the COO sold his shares unless something significant is brewing IMO.

http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12381883-1298-15625&type=sect&TabIndex=2&companyid=74771&ppu=%252fdefault.aspx%253fsym%253dIMTL