RE: RE: Aug.28 - new insider filings Naeman Amalwa had about 3 million shares and like Phillipine, he most likely didn't buy any but got those shares as being part of Eco Namibia which eventually formed the new Eco (Atlantic) oil and Gas. These two locals still hold over 2 million shares each so selling 625K shares to raise over $300K is probably not a big deal especially when you consider what $300K can buy you in Namibia. To me, Private disposition was the really important thing to note and someone or people got to buy 1.25 million shares on the cheap - if they had to buy that amount on the open market, you can be sure that the average price would have been much higher given that there isn't that much shares to be bought below $1.