The CEO only sold shares at $3.50. He hasn't sold any lower -those shares that he registered the other day are the ones that were just approved at the shareholders' meeting - and he is required to register them as available for sale. He'll push this back up there before he unloads any shares, and it will be real easy with PZG loaded with all-time high short interest here. This is a classic example of very stupid and uneducated retail shareholders setting up a stock for a huge run that is about to happen. That's a 70% gain from here.