Alange’s luckiest board member

Did Alange Energy board member Horacio Santos really sell more than $4 million in Alange stock, zeroing out his holdings, between Dec. 21 and Dec. 23 of 2010, at prices between 51c and 57c?

That’s some impressive year-end diversification.

I hope his CEO Luis Giusti, who bought 22,000 shares at the same time, gets a cut of the winnings. The guy worked hard to maintain that share price.

Major hat tip to Otto, whose capacity with the SEDI website exceeds mine. And for the owls.

Update: Santos, according to his bio, used to have an oil company called Mompos. The California business registration for Mompos lists this as his address. Nice shack.

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