Mario Alvarez, Chief Operating Officer at VelaTel Global Communications, Inc. (VELA), sold 5,607,306 shares at $0.18 ($49K) on 2012-08-14, disclosed to the SEC on 2012-08-31.
Open-market sale of $49k VELA by Chief Operating 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 | $0.00 | 5,000,000 | $0 | 0.0% |
| 2 | $0.18 | 4,260 | $767 | 1.6% |
| 3 | $0.08 | 603,046 | $48K | 98.4% |
| Total | $0.01 avg | 5,607,306 | $49K | 100% |
| Filing → |
| VELA | SELL | 2012-06-26 | $20K | — | Filing → |
| VELA | SELL | 2012-05-31 | $60K | — | Filing → |
| VELA | SELL | 2012-04-04 | $9K | — | Filing → |