RE: RE:CEO SALESIf he'd been dumping like the Google guys (i.e. in accordance with a pre-arranged, set schedule), then I would have no hesitations. Here, baseless promotion causes run-ups in the stock and then he sells when the price is high.
Their press releases are total fluff (wait till that Biography special comes out and see just how much exposure HAO gets in its 'featured' role). They have not named the company they invested in, despite the fact that this oil sands 'prospect' is the only thing that could possibly justify these price levels.
For those that say "so what if there's no company, I'm making money" well, that's not the right attitude to have. The goal of Canadian capital markets is to facilitate investment, entrepreneurship, and economic growth. If you get rich investing in a 'real' company that creates value for the country, then congratulations. If you get rich trading on pump and dump stocks like HAO, take comfort that your 'investment' was not used to create any value at all, but rather, your gain came at the expense of another investor. When regulatory authorities get rid of scams like HAO and many other TSX-V companies, then Canadian capital markets will be one step higher in the international markets. Even though this is small potatoes, it still reflects poorly on Canadian markets.