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Penny Stock Trader

07/05/06 11:54 AM

#67 RE: Firehawk7_2000 #66

Here is likely answer to insider activity..

From 10-KSB
Share Issuances
As of February 28, 2006, the Company issued 1,076,166 shares under the "2005 Stock Plan for Directors, Officers and Consultants" (the Stock Plan) to employees and consultants for services rendered valued at an average of $.45 per share.....

From 10-QSB (March 31, 2006)
On January 18, 2006, the Company entered into two consulting agreements for services and issued 932,000 shares of Restricted Common Stock and 1,148,000 shares under the Stock Plan for services rendered valued at $.25 per share....

During the three months ended March 31, 2006 the Company issued 730,166 shares under the Stock Plan to employees and consultants for services rendered valued at $.50 per share....

IMO, it is merely various individuals taking payment in stock or cashing out for various personal reasons.