Clarocity Corp CLRYF

RE: Insiders exercised 546k warrats at $0.30 in Au

[Veteran1]

I woudl consider that as a positve for Zao the compamy as by him doing that he just gave Zaio $163,800 more of working capital. (546,240 X .30) Those warrrants were set to expire on August 18, 2008 so he chose to exerciuse the warrants instead of leeting them expire.

So tell me this, why woudl someone with 1.75 million shares as of Aug 15, 2008, want to add another 546,249 shares of a company going down. Maybe a quick flip? Possibly but nothting showing up under his name yet for further sales but you never know although insdier reprots are suppose to be filed within 10 days of an insider trade .

George Reti is really the only current insider taht was selling a large amount of shares but he dows own a lot of shares still so hard to know if he will ocntinue or if he needed to raise cash.

Also important to remember that there was also insider buying not too long ago which is shown down below. Why mpt more insider buying? May be prevented as they may have pertinent detaisl on potentail financings coming down teh line and at what term.

GLTA on this one