I think insider trading is the least of our concerns right now. I think much of the selling was just disciplined traders/investors being disciplined--which they often get flack for on this board. In this case, this meant selling large parts of their position when June 21st didn't bring the closing of the Mineseeker deal as promised, and selling the bulk of their positions when Dean's June 30th self-imposed deadline approached and it was looking like nothing would actually close. Oh, and of course, the 72 hr window with Newby had passed with no funding pr.
These were at least 3 pivot points around which disciplined investors were making their decision to sell over the past 2 weeks (I know personally some of these folks). So far, they look pretty wise. I am no trader or disciplined investor, and as such, I still hold all my shares. However, I wish all those well who can make an honest profit, whatever their strategy.
As dismal as this all is right now because of the interminable delays and the fear of the unknown (A/S increase on the way??), the market cap is puny--under $15 million, in fact--under $10 million. So I hold and wait like many here.
GLTA.
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