Looks to me like Michel sold $100,500 dollars of ECU stock and then added $240,000 to the company treasury by exercsing options at .80 cents. It then looks like he transferred 100,000 shares from direct ownership to indirect ownership likely meaning a company he controls. The net result is that ECU has $240,000 dollars and Michel had to put up $139,500 from his pocket to give the company that money.

Maybe there will be other transactions yet to post to Sedi but this is a net positive for ECU and shows a net investment gain into ECU by Michel Roy as ne now holds a net additional 225,000 shares.

The other smallish sales are from 2 directors and one employee.

I have no issue with insiders selling a little stock, why shouldn't they get a chance if they own it, just like you if you like, it's yours.