Santelli is one of the few insiders that actually paid with money for most of his shares.
Out of the 3.7 million shares that Reaugh owns,he received close to 3 million of those shares back in 2006 when the company changed names, and he got them for "compensation for services".
I'm just guessing, but maybe it was for work he did. It doesn't specify what he did to earn those shares.
As for Santelli, last time I checked Sedi (about a minute ago), he owned a total of 2,65 million shares as of Dec. 6, 2011.
Is Blairman saying Santelli only has 150k shares left?
Well, I don't see any insider sales reported anywhere regarding Santelli, and Santelli has 5 days to report the sales.
Santelli exercised 1.75 million warrants at $0.15 April 2011, so if he sold, he didn't make much if anything. atb
Check it out at SEDI. That's the official Canadian Securities site for reporting insider sales.
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