Searchlight Resources Inc (SCLTF)

[eggdude]

Nothing to get all worked up about IMO
Most of his shares were acquired at .04 so he's made a few bucks at .11 and .13. Unfortunately it does have a bad reflection on the company and possibly the assay results???? But... His wife still owns 466,000 shares acquired last May at .35 http://marketbrief.com/cnyc/form4/insider-trading/2011/12/5/2250372/filing)
He probably needs the cash for some reason???
Who knows, plenty of reasons possible for his selling and it may be bad but it also could be a great buying opportunity.

About a month ago I watched as another stock I owned dropped from the mid .30's to around .16 cents with an aweful lot of volume in relation to the norm. It was an insider selling a large position and created a fantastic buying opportunity as the stock rebounded to .56 a month later and has settled in at about .50 now. I bought a bunch at around .18 but sold to early when it went back to the mid .30's. Just goes to show that insider selling is not always a bad thing and may be a great thing for those with the guts to buy into it.
This company has made more progress in the last year then it has since inception. Still long and strong. Good luck to all!