Kenneth Hobbs, VP of Mergers & Acquisitions at VelaTel Global Communications, Inc. (VELA), sold 139,765 shares at $0.04 ($6K) on 2012-09-13, disclosed to the SEC on 2012-09-14.
Open-market sale of $6k VELA by VP of Mergers & Acquisitions. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.04 | 54,700 | $2K | 39.1% |
| 2 | $0.04 | 85,065 | $3K | 60.9% |
| Total | $0.04 avg | 139,765 | $6K | 100% |
| Filing → |
| VELA | SELL | 2012-08-16 | $978 | — | Filing → |
| VELA | SELL | 2012-08-09 | $5K | — | Filing → |
| VELA | SELL | 2012-07-17 | $5K | — | Filing → |