Image Protect Inc (IMTL)

[rjbluesky]

These are the COO shares that were named on the filing and sold and NOT by the CEO who recently filed a bunch of Form 4s for over 2 mil shares bought. I remember reading in earlier news and/or filings somewhere a while back that the COO owned about 40-50% of the o/s shares, I believe that was when the o/s was somewhere in the 60-75 mil range.

The question remains why has the COO Jonathan Thomas sold all or most of his shares and to whom along with what price? Very strange transaction at this juncture IMO and may mean the COO is leaving the firm or there is a merger/buyout in play IMO.

IMTL