Richard W. Connelly, President, 10% Owner at MAGNEGAS CORP (MNGA), sold 50,000 shares at $0.18 ($9K) on 2009-08-11, disclosed to the SEC on 2009-08-12.
Open-market sale of $9k MNGA by President, 10% Owner. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.16 | 27,450 | $4K | 51.3% |
| 2 | $0.17 | 575 | $98 | 1.1% |
| 3 | $0.17 | 1,000 | $170 | 2.0% |
| 4 | $0.17 | 3,000 | $510 | 6.0% |
| 5 | $0.18 | 12,975 | $2K | 27.3% |
| 6 | $0.21 | 5,000 |
| $1K |
| 12.3% |
| Total | $0.17 avg | 50,000 | $9K | 100% |
| Filing → |
| MNGA | SELL | 2009-07-15 | $5K | — | Filing → |