Monday, January 19, 2015 7:35:09 PM
SEC says to avoid conflict, 10b5-1 plans must be established when the individual is unaware of any material non-public information. So that said, it is still possible the insider sell plan was established when they were unaware of material non-public info and a planned share sell date could possibly fall into this next 30-45 days and if it does then it just does. Just remember these planned share sells by insiders were not planned the day of the sell and it is a way for them to get some funds out personally as this company grows just like we can take money off the table when it spikes if we want to. Now you see why most of the sells by insiders are not at the most favorable price for them when they get executed by the plan on predetermined dates set way in advance of the sell date.
I hope we don't see it but I am not going to worry if it does.
GLTA and yes I am BULLISH more than ever right now!
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