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Gold/Mining/Energy : Cross Lake Minerals CRN
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To: Buckey who wrote (3404)11/15/1998 1:52:00 AM
From: Zardoz   of 3650
 
Insider's are allowed to short sell. BUT I do believe that they are not allowed to go below the 10% of the total outstanding {if they own more than 10%). In other words, they can't short sell themself out of being an control insider. And this may also be applied if they are in the 25% range of outstanding as well {unless they filed in advance to sell the security}

It seems that EVEN if you sign a charter NOT to short sell, it won't stand up in court.
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