It seem that Mr. Cawker told insiders to cash their options in to raise more money for the company.
Mr. Bill Cawker President and C.E.O. of Montello stated "In addition to the $1.47 Million raised by way of the recently closed Private Placement at $0.18 per Unit, Montello since August 7th, 2007, has raised over $2.8 Million by way of the exercising of incentive stock options and warrants priced as high as $0.20 by Montello Insiders and other individuals.
http://www.montello.com/s/NewsReleases.asp?ReportID=268514&_Type=News-Releases&_Title=Montello-to-Drill-Under-Balanced-Through-Rome-Formation-to-Basement
