RE: HUGE INSIDER SELLINGYou forgot to paste the exercise of options and warrants by Mr. Elson. see previous posting
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=23486649&l=0&r=0&s=SMI&t=LIST
Sell shares approx $100,000 - exercise options and warrants approx $65,000 - rest to keep for income tax
Posted previously by Ecolidollars:
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=SMI&t=LIST&m=23487031&l=0&pd=2&r=0
"Insider loading up on same share position of 250,000 shares through exercise of option is a bullish sign. Often directors will sell a similar share position at current market values and use exercise of option to re-establish the same position.
It makes good
business sense for the company as it gives them money, it makes good business for the insider as it enables him to take some profit and, it makes good business sense for the investors as it protrays that the insider is still bullish on the company in order to plunk down his own money to buy another large position."
I agree with Ecolidollars - looks like a good idea to get more operational funds - better than issuing more shares. He could have waited until the share price was much higher to do this and make more dollars for himself - the options and warrants would still be at this price.
We can only guess why insiders sell - their buying of shares is more important - people only buy because they think the share price will go up. The President buying is very positive.