THIRD POINT Partners L.P., 10% Owner at Baseline Oil & Gas Corp. (BOGA), sold 17,500,000 shares at $0.01 ($175K) on 2008-12-30, disclosed to the SEC on 2008-12-31.
Open-market sale of $175k BOGA by 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 | $0.01 | 7,066,000 | $71K | 40.4% |
| 2 | $0.01 | 10,434,000 | $104K | 59.6% |
| Total | $0.01 avg | 17,500,000 | $175K | 100% |
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