Gordon Scott Venters, President, 10% Owner at MAGIC MEDIA NETWORKS INC (MGCN), sold 80,000 shares at $0.11 ($9K) on 2005-02-08, disclosed to the SEC on 2006-02-08.
Open-market sale of $9k MGCN 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 | $0.11 | 30,000 | $3K | 36.7% |
| 2 | $0.11 | 30,000 | $3K | 36.7% |
| 3 | $0.12 | 20,000 | $2K | 26.7% |
| Total | $0.11 avg | 80,000 | $9K | 100% |
| Filing → |
| MGCN | SELL | 2006-05-19 | $160K | — | Filing → |
| MGCN | SELL | 2006-01-24 | $11K | — | Filing → |