Silva Sells SharesWell, the CEO sold a little over 1,400,000 in early December. 900,000 were options exercised at .18 and promptly sold.
What's it mean? Very strange to sell a winner in December. Normally a winner would be sold in January to delay capital gains for another year. Losers are sold in December...it's called 'tax loss selling season' for a reason. Maybe he's a better CEO than he is an investor and SCZ is his only winner...sold to set against losses elsewhere. Beats me.
Although i don't like it i'm not overly concerned. He still owns roughly 13.5 million shares. And he just did a private placement of 9 million$ which went directly into the ground in the form of new equipment--not the move of a guy abandoning the ship.
Soon enough we'll see if there is any significance in the form of negative company news, something affecting the closing of Zimapan for example. I hope not.
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