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Go to Ontario Securities Commission
https://www.sedi.ca/sedi/SVTItdController?locale=en_CA Identify Insider or Issuer Dropdown –
Select Issuer Name To the right enter,
Winston Gold Identify Date Range Dropdown –
Select Date of Transaction You can go as far back as you would like here but start with this:
January 1, 2019 to February 6, 2021 No need to check any boxes below this
Scroll down and click -
Search Next Page should be Insider Transaction Detail – Select Issuer
You should see the following:
View 00037589 Winston Gold Corp (formerly Winston Gold Mining Corp)
Click View First entry is Joe Carrabba
Scroll down to close to the end of his listing and middle of page it will show
33,833,727 [shares] Look in column to the left where all the pluses are…
there are no minuses This appears to mean that Carrabba is holding 33,833,727 shares and since there are no minuses, it means that he has not sold any shares within our date range. Many of these shares appear to have been purchased and not given to him by the company. There are others that have sold some shares. You can scroll down to see them
Other entities that have been granted shares or have bought shares may have sold but since they are not insiders, they do not show up here.
Once you learn how to use this site, you can switch to searching for all insider activities for an individual rather than a company. You will find all the companies and associated insider activities by the individual you are searching for
Back to Winston…
Since Carrabba is holding and not selling, it might indicate that he has confidence that this stock price will rise, at least o some degree.
Warrants and Options: There are a zillion of them
Specifically, there are 551,030 Warrants that must be exercised by March 23, 2021. The exercise price is $0.10. It will cost whoever owns these Warrants, $55,103 to exercise (buy) them. If the stock price is at $0.09 then he has spent $55,103 buying stock that is only worth $49,592.
In general, options or warrants are exercised when the stock price hits a level where money can be made, and they are also often exercised and sold the same day.
Afterall… who would want to pay for warrants if you were not guaranteed to make money.
There are many many millions of warrants and options sitting out there. They range in exercise price from $0.10 to $0.20. Remember, in order for the holder to make money, the stock must be considerably above the exercise price… for the ones with exercise price of $0.20, one would think the stock price would have to be well above $0.25 or $0.30 or more to be worthwhile.
There are a lot of people, even those who supplied the last few millions $ and received stock and warrants in return, that think this stock is going up.
… More to Come Gents… be patient