Agudow had 475,000 options when she left in early April, but no common shares according to SEDI.

A total of 155,000 shares have been sold in the last 6 days that have had the insider marker attached to them

The change in O/S from about March 14th to end of July was 161,250. I'm not privy to the details of her employment/termination details, but generally speaking insiders who leave employment have anywhere from 90 to 180 days to exercise options. I'm assuming she had 120 days, which takes us to July 31st. SEDI says she was no longer an insider as of April 1st. So that's about 120 days to July 31st.

So in theory if it was Agudow exercising some of her options the total "insider" sell count almost matches the total increase in O/S shares in the last 4 months.

I realize correlation does not imply causation, but it's the only logical explanation for so-called "insider" selling during a so-called "blackout"

Keep an eye on the correction marker file each day for the venture to see if a broker files a correctoin:

http://www.tmx.com/en/itmreport/tsxv_itmreport.txt