GREY:MAAFF - Post by User
Post by
cjsellon Oct 03, 2009 2:03am
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Post# 16359362
Burton gang makes me want to puke!
Burton gang makes me want to puke!I have harped many times over the millions of stupid options issued to the management of MAA. But this really takes the cake. None other than our interpid CEO "AKA" head of the Burton gang and other inner circle members of the said gang sold some of their options. Was it not him who said something about the poor stockholders being patient? These optics look REALLY bad here folks in my opinion. If the head honcho isn't holding for at least the short term before he blows some of his load, what does that tell the stockholders? He...sorry the Burton gang have no/lost faith????? Sold for pennies when dollars are around the corner? Apparently the "gang" is saying one thing and doing another. Business 101 big mistake!!!!! JABOA Just A Bunch of @##holes!
Not much of a business man either, he should have sold in the .65+ range.....what a dummy. Speaking of dummies what do other folks think of the optics here? At the very least the Burton gang should have been buying not selling if they had any FAITH in the stalled, delayed, pushed back, poohced deal.
Can't wait for the special shareholder meeting.
CJ
MagIndustries Corp. (MAA) | As of October 2nd, 2009 |
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| Oct 02/09 | Sep 28/09 | Burton, William B. | Direct Ownership | Common Shares 288079962 | 10 - Disposition in the public market | -400,000 | $0.566 |
| Oct 02/09 | Sep 28/09 | Burton, William B. | Direct Ownership | Common Shares 288079962 | 51 - Exercise of options | 400,000 | $0.240 |
| Oct 02/09 | Sep 28/09 | Burton, William B. | Direct Ownership | Options 20880000 | 51 - Exercise of options | -400,000 | $0.240 |
| Oct 02/09 | Sep 28/09 | Burton, Sally M. | Direct Ownership | Common Shares 288079962 | 10 - Disposition in the public market | -100,000 | $0.566 |
| Oct 02/09 | Sep 28/09 | Burton, Sally M. | Direct Ownership | Common Shares 288079962 | 51 - Exercise of options | 100,000 | $0.240 |
| Oct 02/09 | Sep 28/09 | Burton, Sally M. | Direct Ownership | Options 20880000 | 51 - Exercise of options | -100,000 | $0.240 |