RE: Berkley cancels pre-hearing – future doubtful"On November 14, 2007, Berkley filed Form 20-F/A with the SEC. This is an ammended filing and it contains the following note attached to the financial statements:"
This section shouldn't surprise anyone who's followed Venture stocks for any period of time.
What raises my eyebrow is the fact insiders were buying on the eve of what they likely knew was going to be perceived as bad news.
Berkley Resources Inc. (BKS)
As of December 7th, 2007
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Nov 12/07 Nov 06/07 Andrews, Ronald D. Direct Ownership Common Shares 10 - Acquisition in the public market 4,500 $0.260 USD
Nov 12/07 Nov 05/07 Andrews, Ronald D. Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.260 USD
Nov 12/07 Nov 08/07 Andrews, Ronald D. Direct Ownership Common Shares 10 - Acquisition in the public market 7,500 $0.250 USD
Oct 29/07 Oct 22/07 Wayrynen, Matt Direct Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.200
Oct 29/07 Oct 22/07 Wayrynen, Matt Direct Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.200
Oct 15/07 Oct 01/07 Wayrynen, Matt Direct Ownership Common Shares 10 - Acquisition in the public market 2,000 $0.400
Oct 11/07 Oct 11/07 Andrews, Ronald D. Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.350 USD
Sep 20/07 Sep 14/07 Wayrynen, Matt Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.450
Sep 06/07 Aug 08/07 Wayrynen, Matt Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.450
Sep 06/07 Aug 09/07 Wayrynen, Matt Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.450