Cormack sold 5000shares of OGXI on 11/01/2010 at the avg. price of $15.45...And he also soldanother 5000 sharesof OGXI on 11/15/2010 avg price $15.99. That was approximately 20% of his share held. ARE THESE SALES saying that the future does not look bright for OGXI for sometime. WHY would Cormack dump if he felt he could get better prices in the near future. MAYBE BATMAN AND ROBIN have some answers!!!
It appears that all the options he exercised were going to expire on 12/16/10, so he had to exercise them. He sold some of the shares he acquired and kept some. I suppose he could have kept all but he also could have sold all. His middle-ground course doesn't concern me at all.