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Message: insider trading

Could someone explain this

Aug 21/14 Aug 19/14 Bhola, Rakesh Direct Ownership Common Shares 51 - Exercise of options 50,000 $0.320
Aug 21/14 Aug 19/14 Bhola, Rakesh Direct Ownership Options 51 - Exercise of options -50,000 $0.320

http://canadianinsider.com/node/7?ticker=EFL

Does this mean he sold 50 000 to make close to 30 000 in profit?

Searched it, couldn't find the actual citation but in the search it showed this off the msn site:

Electrovaya Inc. (EFL): Rakesh Bhola purchased 35,500 shares at 90 cents on 08-21-14 -- bringing his total stake to 0 shares.

Doen't instill much confidence in the price going back up anytime soon.


Aug 22, 2014 01:19PM
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