yes, you are right. The transaction purported to occur on 12-16 in the spouse's account of the chief legal officer, Hardy. Do you think he didn't want to do this in his own name or was just giving his wife an XMAS present? He could have at least checked the price chart. The stock never traded at his reported prices between $4.73 and $4.90. The high that day was $4.60. That's really besies the point since management sold over 100 times that amount two days before. It looks like a bad case of window dressing but they probably think no one is looking. After all read the filings.
There are so many red flags with this company, it's hard to even know where to begin. The material change 8k filed last week now requires company to ship the oil to a port on the Pacific for the Colombian state controlled oil company. Considering one of the two graphics they use in their 10k is one of their pipeline infrastructure, you think this news could warrant something other than burying it an 8k. Then what else would you expect for a reverse merger Canadian goldmining company (used to be called Goldstrike) into a Nevada corporation doing business mainly in the most corrupt and crooked nation in the world, Colombia.
The CFO that just seemed to disappear for a medical emergency has averaged about one year on his prior jobs. I guess they must have revenues becaue Deloitte Touche audits them. Then again who audited all of the reverse merger Nevada Chinese companies?
Expect more insider selling, whether stock or options, they seem to find stock to sell.
I cannot help to disagree with some of your statements
"There are so many red flags with this company, it's hard to even know where to begin. The material change 8k filed last week now requires company to ship the oil to a port on the Pacific for the Colombian state controlled oil company."
The red flags are all in your mind, read again the 8K form, you say that it requires the company to ship the oil to the Pacific Coast. There is no other place where that Oils can be shipped to.
There is just one pipeline from Oritos in the Putumayo basin to Tumaco in the pacific coast.
There are feeder pipelines to deliver Oil to Oritos from the development fields in the Putumayo, small distances, I believe some of them were laid by GTE. Not sure
This is what the agreement says
Ecopetrol under the previous agreement was buying all the Oil at Oritos, now they will buy all of the Oil at Tumaco.
Oil will be transported from Oritos to Tumaco by Ecopetrol
I image that there will be an adjustment in the price to reflect this service.
Look the Putumayo is all Jungle, hardly any road, people travel by boat in the rivers.
Some of those drills sites were completly built with material transported by helipcoter
"The CFO that just seemed to disappear for a medical emergency has averaged about one year on his prior jobs"