According to the Form 4 (filed 1 Nov 2010) Buckland bought 25,000,00 shares of common stock on 29 October 2010 for an average price of $0.02, a total of $500,000. The stock to be jointly owned by his wife and son.
So, it seems Buckland's share were not bought on the open market. Most likely from the company.
So even though the PPS has dropped since he bought 3 weeks ago, at today's closing price of 0.035 his stock has a paper value of $875,000, a gain of 75%. Not too shabby of a short term gain !!
Carl Smith's buys were last summer, not last month: 01 Jul 2010 2,000,000 shares at 0.10 31 Aug 2010 2,870,000 shares at 0.05
(He filed the Form 4 2+ months after the transactions)
Again Stockcharts show a much lower volume for each of those days, and a higher closing PPS
He also has voting control over 500,000,000 shares at an exercise price of 0.10.
One nice feature of these option is that they have no expiration date
"1. The stock options may be exercised at the sole discretion of the reporting person and shall not expire until the options have been exercised in full."
BTW, if anyone wants to check on the monthly sales as reported by the MMs, go to this site: