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Wednesday, October 06, 2010 2:00:46 AM
http://www.dailyfinance.com/company/turbine-truck-engines-inc/tteg/nab/insider-transactions
Notice that both Alpha Engines and Michael Rouse submit this form (as insiders) on a quarterly basis. This process is required for insiders in case they choose to sell. Each filing is only good for 90 days after filing then expires. If they do not file, they cannot sell.
The reality is that while both insiders have been filing these forms consistently for years, the total # of shares sold by insiders over the last 5 years is 72,009 shares (click on the 5 year link towards the top to confirm this).
Given how many shares each insider holds, the filed totals for potential sale is @ 5 percent of current holdings for both insiders. The total sold over the last 5 years is 72k of 10mil shares.
This filing is a non-event except to note that each insider has NOT been selling even though they have been filing for 5+ years!!
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