Atlas Lithium Corp (ATLX)

[ImOnABoat]

Before the end-of-the-world posting about today's Form 4 begins, I will go ahead and address this:


1) "The sale was made pursuant to a 10b5-1 Sales Plan which was entered into in September 2021."

A Rule 10b5-1 plan is a prearranged trading plan under SEC Rule 10b5-1 that provides a defense against charges of insider trading if you later trade stock while you know confidential, important information about your company.

https://www.mystockoptions.com/content/what-is-a-rule-10b5-1-trading-plan


2) This PRE-ARRANGED sale is a measly 1.5M shares... Approximately 0.5% of Marc's total holdings of 286,229,670 shares.


3) Marc does not have a formal salary with BMIX, he gets paid in BMIX equity as yet another vote of confidence in the company. Honestly, if he wants to cash out $15K of that enormous position every now and then, good for him.