Replies to post #21263 on World Surveillance Group Inc (fka WSGI)

[scarlet knight]

jfburk--- some of those things crossed my mind too, but thought that the share amount was a hefty amount. Certainly alot more than I've seen registered for sale in the past when it has been posted.

[showmebill]

jfburk, you're on the right track - sort of. It is a requirement for a company official to file a "planned sale" in advance of actually selling. By doing this, he makes his shares liquid, meaning he can then sell them at any time, whether the stock price is up, is down, he needs emergency cash, or whatever.

While it is a requirement to sell shares, it doesn't require that you do so. Thus, company officials regularly do this purely as an insurance policy. It means absolutely nothing unless it is accompanied by an actual sale.