American Consolidated Minerals Corp AMERF

Fabbro sold 437,500 shares at 0.095

[Zarko1]

American Consolidated Minerals Corp. (AJC)						As of February 24th, 2011
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Feb 24/11	Feb 24/11	Fabbro, Allan John	Direct Ownership	Common Shares	10 - Disposition in the public market	-437,500	.095

[ok2buy]

He still holds over a million shares in his account./

[BlindBat_1]

American Consolidated Minerals Corp. (AJC) As of February 24th, 2011 Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price Feb 24/11 Feb 24/11

[BlindBat_1]

Very poor decision on behalf of Mr. Fabbro in my opinion, extremely poor decision.... https://www2.parl.gc.ca/content/lop/researchpublications/prb9938-e.htm

[goldens]

I wonder if he is leaving himself open to legal action by the OSC or another government body. I wonder if anything would happen should someone file a complaint.

[deet]

Quite baffling. deet

[Tumbleweed67]

Only baffling if we don't see his name tagged to the PP for at least 500,000 shares.As for the timing, if he dumped them AFTER the news was released yesterday, no harm, no foul.JMOTW

[deet]

When a president of a company sells over 400,000 shares for peanuts...after telling me the sky is limit with this one, it doesn't do much to restore investor/shareholder confidence.Selling for a mere 9.5 cents certainly sends the wrong message.deet