GREY:KXLAF - Post by User
Comment by
red911on Aug 05, 2011 10:21am
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Post# 18907910
RE: What does a director do to warrant
RE: What does a director do to warrantI have mostly been giving PDG the benefit of the doubt but I agree it is very hard to justify the falling share price and chalk it up to purely 'market conditions' when presented with the insider report below... and given the history here as well. IMO there is plenty of time to issue options once a company has proven its worth... a non-producing explorer in a depressed market when cash is king should not be issuing such a large number of options to directors in the first place... IMO... especially when they turn around and simultaneously exercise and sell them into the public market. It stinks IMO. The next time I am evaluating a company and I see such reckless issuance/exercise/selling of such cheap options I will be likely choose not to bother with that company. Lesson learned.
red911
Prodigy Gold Inc. (PDG) | As of August 4th, 2011 |
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| Jul 29/11 | Jul 26/11 | Mullan, Thomas Patrick | Direct Ownership | Common Shares | 10 - Disposition in the public market | -40,000 |
.567 |
| Jul 19/11 | Jul 19/11 | Harrington, Robert | Direct Ownership | Common Shares | 10 - Disposition in the public market | -1,188,000 |
.550 |
| Jul 14/11 | Jul 12/11 | Harrington, Robert | Direct Ownership | Common Shares | 51 - Exercise of options | 1,188,000 |
.420 |
| Jul 14/11 | Jul 12/11 | Harrington, Robert | Direct Ownership | Options | 51 - Exercise of options | -1,188,000 |
.420 |
| Jul 14/11 | Jun 23/11 | Harrington, Robert | Direct Ownership | Options | 50 - Grant of options | 200,000 |
.600 |
| Jul 13/11 | Jul 12/11 | Mullan, Thomas Patrick | Direct Ownership | Options | 51 - Exercise of options | -653,009 |
.420 |
| Jul 13/11 | Jul 12/11 | Richardson, George David | Indirect Ownership | Options | 51 - Exercise of options | 653,009 |
.420 |
| Jul 12/11 | Jul 12/11 | Mullan, Thomas Patrick | Direct Ownership | Common Shares | 51 - Exercise of options | 653,009 |
.420 |
| Jul 12/11 | Jul 07/11 | Mullan, Thomas Patrick | Direct Ownership | Common Shares | 10 - Disposition in the public market | -361,893 |
.553 |
| Jul 11/11 | Jul 07/11 | Phelps, Michael E.J. | Direct Ownership | Common Shares | 51 - Exercise of options | 435,340 |
.420 |