Mario Alvarez, Chief Operations Officer at VelaTel Global Communications, Inc. (VELA), sold 3,000,000 shares at $0.02 ($60K) on 2012-05-24, disclosed to the SEC on 2012-05-31.
Open-market sale of $60k VELA by Chief Operations Officer. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.02 | 25,000 | $500 | 0.8% |
| 2 | $0.02 | 100,000 | $2K | 3.3% |
| 3 | $0.02 | 2,875,000 | $58K | 95.8% |
| Total | $0.02 avg | 3,000,000 | $60K | 100% |
| Filing → |
| VELA | SELL | 2012-07-20 | $2K | — | Filing → |
| VELA | SELL | 2012-06-26 | $20K | — | Filing → |
| VELA | SELL | 2012-04-04 | $9K | — | Filing → |