Barry Honig purchased 3,409,091 shares on December 3 in a private placement. Barry Honig currently controls 25,176,541 shares of the company and serves as a director of the company. Barry Honig also controls 12,194,236 shares of Continental Resources Group (CRGC.OB). Continental Resources Group and Pershing Gold have entered into an asset purchase agreement. After this agreement is executed, Barry Honig will control 9,755,389 additional shares of Pershing Gold.
And another 100,000 shares of PGLC yesterday.
Frost was due to trim below 18% as part of CRGC deal. If he was going to sell more soon he would have done it last year.
I agree with max, all that sellling seems to be late 2012 tax, corporate stuff and those two guys own so much and it doesnt seem they are selling in january. but hey you never know, risks are risks and bailing on a junior miner by itself isnt always a foolish move.