Ref CIRT, Insider sales, I wrote the PR firm and the company concerning the 48.5 million shares listed as "insider sales" on the yahoo board. I didn't get an answer from the company but their pr firm sent me this:
regarding your e-mail in which wrote,
"As you handle the PRs for CirTan perhaps they would like to address their constantly selling (dumping) the stock into the market which totally negates your excellent Pree releases.
This amounts to 48.5 millions of shares in the last 12 months. I am a substancial shareholder through my etrade account and I am sick of this disregard for other shareholders.
Tell them I think they should open a checking account and stop using CIRT as their personal ATM."
answered:
i believe that if you check, you will see that these shares were "registered" for sale rather than sold. any time an officer and/or director sells, Form 4 must be filed with the SEC. I believe that further checking will show that no such form reporting any such sale has been filed.
dave kaminer
