I pulled up the INK report on Bob Harrington's sales:

You can see in 2009 that Terrence King exercised options, but I don't see any recent exercise of Bob's options. Just looks like a sale of 200,000 KXL shares in the market.

This to me is the first instance we've ever seen of a significant KXL insider selling into the market.

While it's sad to see the optics of what we had as really remarkable insider solidarity be spoiled, am I going to have a fit? No. He has better access to info than we do, but nonetheless I think we're well-informed.

I know that Bob has a stable of other small mining companies and he may have wanted some quick cash to put his own seed money in before an IPO, or who knows, maybe even the Jag for his wife.

I don't welcome this, but that's how the game is played. Onwards and upwards.