...not 20,000 - and they were options at that. Sold 11/5/02, ~$17/share. Looks like she only cleared about $73,000 - OK, that's a pretty good Christmas, but wouldn't you exercise some options with the stock at these prices? She's still holding on to 1000+ shares bought in 1999 (for ~$25?).
No it was 20,000....besides, anyone with MCX attached to there name is used to getting screwed (why don't you just call yourself Spectrum, or Illusion for that matter). I would prefer to call you "stoodandtookit"
The "insider" sold 10,000 shares outright and filed a notice indicating that she "plans" to sell 10,000 more. The 10k sold and the 10k planned are separate and distinct.
"Insiders" must file a notice of their intention to sell with the SEC, before they do so, and have 3 months after filing the notice to actually sell.
That's my read.
The problem isn't that she sold (they all want to sell), it's that insiders own almost NO shares. The shares they do hold were GIVEN to them for a job well done (just ask payingcustomer about what a great job they did for him over the last 9 years - he only lost 50% of his hard earned money).