While I generally agree with Oogee's viewpoint on this issue, I would have preferred it if he had entered into an agreement with the company to sell the 400,000 shares as soon as the price of those shares hit a predetermined number, which number would have been nearer to $2. So long as the agreement is essentially irrevocable, and is entered into at a time when a blackout period is not in force, this can be done (in the US, anyway, I'm assuming in Canada as well).

Selling 10% or so of his holdings is not something that freaks me out. I do wish he'd been able to get more than what he did get for his shares, he's richly deserviing.