Gordon Scott Venters, President, 10% Owner at MAGIC MEDIA NETWORKS INC (MGCN), sold 90,000 shares at $0.12 ($11K) on 2006-01-17, disclosed to the SEC on 2006-01-24.
Open-market sale of $10k 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 | $0.12 | 40,000 | $5K | 45.7% |
| 2 | $0.11 | 30,000 | $3K | 31.4% |
| 3 | $0.12 | 20,000 | $2K | 22.9% |
| Total | $0.12 avg | 90,000 | $11K | 100% |
| Filing → |
| MGCN | SELL | 2006-05-19 | $160K | — | Filing → |
| MGCN | SELL | 2006-02-08 | $9K | — | Filing → |