"Lead Director Michael G. Newman sold 10,000 ISM Shares @ 2.146 on 4/24/08.

What kind of signal does this give share holders?

Should I have followed his lead?"

That's up to you, is that a major part of your DD. If a guy known for continual and perodic selling unloads 10K, is the world coming to an end? Do you see the real insiders selling and unloading their massive positions? The guys steering the ship are the ones to take your cues from imho.

"The ISM web site has not been updated with “news” since May. Is this another indicator?"

Of what? Possibly they are busy, possibly they are not up to date with website maintenance? Possibly they are very involved in other more important mining related business at hand?

The critical news releases are all to be found even here at our hub. As of late they are working on preparing for the NI43-101, the metallugical study with Geotech and now we have seen an announcement re: a VTEM survey....... I would think they are busy with matters at hand.

I will ask them by email if they can update their website. Promo imho has never been the forte for ISM and it's leadership. Small retail investors don't seem to be their priority. Our last company update was last August 07.

Pertinent matters are being attended to.