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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2005-10-18 Sale |
2005-10-31 11:56 am | WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,000 | $1.721 | $17,212 | 2,581,478 (Indirect) | View |
| 2005-09-26 Sale |
2005-10-04 7:38 pm | WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,000 | $1.754 | $17,535 | 2,591,478 (Indirect) |
View |
| 2005-08-30 Sale |
2005-09-12 1:30 pm |
WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,000 | $1.507 | $15,070 | 2,601,478 (Indirect) |
View |
| 2005-07-28- -2005-07-29 Sale |
2005-08-02 3:31 pm | WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,000 | $1.856 | $18,557 | 2,611,478 (Indirect) |
View |
| 2005-06-20- -2005-06-21 Sale | 2005-06-23 3:27 pm |
WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,000 | $1.814 | $18,142 | 2,621,478 (Indirect) | View |
| 2005-05-25 Sale | 2005-05-26 1:01 pm | WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,000 | $1.977 | $19,770 | 2,631,478 (Indirect) |
View |
| 2005-04-18- -2005-04-20 Sale |
2005-04-21 10:46 am | WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,000 | $2.07 | $20,698 | 2,641,478 (Indirect) | View |
| 2005-03-21- -2005-03-24 Sale | 2005-03-24 2:50 pm |
WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,000 | $2.099 | $20,988 | 2,651,478 (Indirect) | View |
| 2005-01-18- -2005-02-22 Sale | 2005-02-23 3:22 pm | WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,100 | $2.265 | $22,875 | 2,661,478 (Indirect) | View |
| 2005-01-18- -2005-01-19 Sale | 2005-01-20 5:03 pm | WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 9,900 | $2.583 | $25,573 | 2,671,578 (Indirect) |
View |
| 2004-12-17 Sale | 2005-01-07 3:31 pm | WQN, Inc. | WQNI | ADLER B MICHAEL (President & CEO Director) | 10,000 | $2.693 | $26,930 | 2,681,478 (Indirect) |
View |
| Transaction & Date | Reported Date |
Exercisable Expiration | Company | Symbol | Insider Relationship |
Shares Traded |
Conversion Price |
Shares Ownership |
Filing |
| 2005-10-06 Option Award |
2005-10-11 2:49 pm |
2005-10-06 2015-10-06 |
WQN, Inc. | WQNI | ADLER B MICHAEL (Director 10% owner) | 35,000 | $1.88 | 35,000 (Direct) |
View |
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