Prodigy Gold Inc KXLAF

Chairman of Board. Insider Selling

[Goldblack]

 Last week on July 7th.. Michael E J Phelps ...Chairman of the  Board. Sold 300,000 shares at 57.& 58 cents, 

   He was given on June 23rd 250,000 additional options at .60 cents ..........then on July 7th he exercised previously

  owned options  totalling 435,340 shares at  .42 cents. and then promptly sold 300,000 shares and made himself

    approx 47 g's. This guy is an old white haired lawyer who is on 8 different boards of various  companies. .. Mean while

     today Prodigy Gold is  advertising on BNN  while the greedy old lawyer is probably selling the remaining 135,340

  shares from the options he exercised last week...   Maybe he figures he won't  be around in 2014 to see the first

  gold poured.    LOL  ... Anyway I have grabed up a good chunk of cheap shares today .. GLTA

[Dorje]

This dozy chairman has been next to worhless since he allowed the then CEO to carry out a fiddle in 2007 by declaring "this is the greatest gold find of the decade!" That was pure bull many believed him and lost a lot of money but  no charges were filed.You couldnt get away with that on the OSC.Why did this medal laiden Chair wait to sell and create a new low?

[grizfish]

If you don't understand the transactions in the following link, then I suggest you ask a financial advisor for help. https://canadianinsider.com/coReport/allTransactions.php?ticker=pdg

[hrattle]

Grizfish don't pretend. These insiders sold, PERIOD. Make all the excuses you want for them but if another poster here traded this way you would be condemning them.However, in the scheme of things - no big deal.

[Montrose2]

B.S. - no pleasanter term available. You want to promote the theory of insiders being those with buckets of money sitting on the sidelines so that if they don't continue to pump money into something they are suddenly traitors to the cause. Who amongst us haven't made the decision to sell one issue to buy another and who amongst us has limitless cash resources available to pump into the

[hrattle]

We all have to make those decisions and only the naysayers look to find negative in every move. Montrose2 this is naive. We are talking about INSIDERS. They have this name for good reason and their trading is not subject to normal scrutiny for good reason. You should appreciate that insiders can not and should not trade like the rest of us.What they did is typical (and not what granting

[red911]

hrattler wrote:  "What they did is typical (and not what granting options is intended toproduce) but that doesn't make it any less negative. They exercisedin-the-money options and sold enough to make them essentially free i.e.they increased their shareholding for no cost and diluted every othershareholder and increased the float. I don't care about their reasons -which most

[hrattle]

... some of these assays were likely being held until these options expired...Great spin Red! So if the next NR causes the sp to drop below 55 cents then, according to your convoluted theory, not only were these sales negative but the sellers are guilty of insider trading, right?

[red911]

rattler... According to you everything is 'spin'.  No one is allowed to have an opinion.FWIW I qualified what I said with "So... unless the next NR causes PDG share price to depreciate... therecent insider sells to finance option exercise is certainly morepositive than negative.  IMO"... which is exactly what you said.  We'll see what the response to the next

[hrattle]

No one is allowed to have an opinion.There is a difference between pure speculation and reasoned opinion - yours was the former right? You have no information that leads you to believe that the company has delayed material information to allow directors to exercise in-the-money options, right? ...these insiders did not sell their shares and move on...I didn't overlook this - I said it was