Lignol Energy Corporation V.LEC

Insider Selling..Has it Stopped?...

[2guys]

Well by the looks of things there seems to be some pressure on the sell side especially by Anonymous, and to see David Lyall selling is a bit concerning.

Most of his purchases were made at 0.12 so he doesn't have much to lose, so I'm glad I waited to buy more shares.

Any comments?  

Lignol Energy Corporation (LEC)						As of August 9th, 2011
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Aug 08/11	Aug 05/11	Lyall, David	Control or Direction	Common Shares	10 - Disposition in the public market	-61,000	.172
Apr 08/11	Apr 07/11	Lyall, David	Control or Direction	Common Shares	00 - Opening Balance-Initial SEDI Report
Apr 08/11	Apr 07/11	Lyall, David	Indirect Ownership	Common Shares	00 - Opening Balance-Initial SEDI Report

[2guys]

Sorry, I shouldn't have said he bought the majority of shares at 0.12, rather that he bought on the open market just under 500k @ 0.12 prior.David Lyall still owns over 5 million shares of LEC directly and indirectly, so the recent 61k shares sold at .172 is a drop in the bucket.It does come at a time market weakness, so that doesn't help the share price much.  Again, jumped too soon

[2guys]

Apparently not.  Doesn't give that warm, fuzzy feeling insider, but the guy holds 5 million share directly and indirectly so the amount is insignificant.Just don't like the timing especially when there is little support.  Small as it seems, it's not a good thing, IMO. Lignol Energy Corporation (LEC) As of August