Ceo selling options is not a good thing.

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Ceo selling options is not a good thing.

posted on Nov 19, 2008 09:41AM

If a Ceo is selling options He/She is expecting the share price to go down in the future. Conversly, holding onto options indicates the Ceo is positive of the future direction.

Fung selling options indicates he wants money now, and is not prepared to wait for a legal remedy for KRY. I would imagine this could mean Fung is stepping down/ and KRY has exhausted all avenues to obtain the permit.

I feel like Fung has strung us along with very generic quotes up beat quotes. I.E communitcations with high level government employees...

Unfortunately, Fung selling his options is a bad sign. Hopefully, KRY can clarify this situation. However, moving offices maybe translated into leaving town.