These were entered at previous times, maybe a month ago or more.
The insiders make their decisions to sell, but often times insiders are wrong on their buying and selling timing. They're not perfect, as some would believe.
The fact that they still hold a majority of shares, leads me to believe that they were hoping for the NEWS on the contract/deal/signing/revenue, to be out by now, just as we have. The fact that they "planned sold" only a fraction of their holdings is GOOD news for us. It tells me that they are expecting even higher prices down the road, and they are "averaging-up".
I wrote a post on the sale of stock by insiders previously which discusses the facts about what rules they need to follow and how planned sales are implemented.
One thing I'd like to add here. The price of a stock is not solely driven by the decisions of insiders. MM's and BIG traders who have large amounts of stock, also have some effect on the direction of the stocks pps. They make their buying and selling decisions based on a lot of information, one of which is technicals. They seek to capitalize on their investment in the securities they hold, just as we do. They can, and will, seek to benefit on the stocks swings, based on the decisions of corporate insiders, i.e. PR's.
Smart Technicians BUY stock when the pps falls under key support levels, and sell it when it rises above it. They buy on oversold conditions, and sell on overbought conditions. You need to follow this strategy too, if you want to capitalize on your investment.
Currently, CCTC is oversold, as seen by the MFI, just one of many indicators. At 0.068c, here on Monday June 21st, the stock is, IMO, ready to make a BIG move-up. IMO, it has once again been brought down by traders and MM's who have guided it down to these levels, and are going to sell BIG TIME, once the pps goes up when the NEWS PR is released, just as we should.