Trifles light as air

Gold Resource Corp (GORO) finally tells us about some of its insider selling

Today this was filed to The SEC. It tells us that when David Reid resigned as head honcho of Gold Resource Corp (GORO) in late 2013 he held 3.19m shares of the company. Then between January and June 2014 he sold 544,700 of those shares (at what looks like an average of U$4.90 a pop), at which time his holding went under 5% of total shares out.
And we get to hear about this selling over a year later when the shares are less than half his selling price. Cool disclosure, guys.
And of course, once he went under 5% holding he didn’t have to disclose any more sales, so there’s no guessing on whether he still owns his 2.5m or so. If you want my guess, he sold them to you suckers between July 2014 and now.

And yes, David Reid is father of current head honcho Jason. Cute, yeah?

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