RE: Why insiders selling yeasterday?TMX does not give any details about the nature of transactions so wait and see transaction details on SEDI. These are probably options that were exercised since the outstanding shares have increased about the same amount on TMX.
We will see more issues and exercises of options in the coming months since BOD has announced its intention to increase the number of shares reserved for Issuances under the option plan.
BOD requires to increase the option plan because they expect that the shares outstanding will not increase much in the next few months = few dilution. So they need to increase the % of limit allowed for issuing. They would not care to do that if they intended to issue 50 million new shares that enabled them to issue some options for the same % on the 50M new shares. ...So nothing like a bought deal in the near futur...
CF