MGM Energy Corp MGMCF

Insider Trading (or the lack there of)

[glacierman]

In a prior post,  I bemoaned the lack of insider buying by Clay and other big wigs.     Now I’m taking a very difference stance.     I read an interesting article about the “Rumor-Validity” test.   To paraphrase:  “There is very compelling evidence that insiders who know their firm is a friendly takeover target are VERY unlikely to trade in their own securities for a variety of legal and ethical reasons”.       Consider the facts.     Shell has begun a very cozy relationship with MGM and ALL insider buying and selling has ceased.    Coincidence or not??

[SmallBet]

Here's a link to Insider buying on the "insider news" posted on TD Waterhousehttps://research.tdwaterhouse.ca/research/Reports/Report?documentKey=337-MGX.TO_c78507aef8d8dd034aab0ec7827869b1-68NNNA93AP6LDHH5K9FNQ8CIC7 this shows alot of activity in terms of not only acting on rights, but board/executives buying common shares all year, as late as November. December shows the "

[farml1234]

link does not work , please cut & past for us

[SmallBet]

here is the "cut & paste version", again from TD Waterhouse Dec 4/12 Chernoff, Michael N. (initia... Indirect Ownership Rights exercise Common Shares 0.160 1,154,123 > 100% 1,994,123 Dec 4/12 Chernoff, Michael N. (initia... Direct Ownership Rights exercise Common Shares 0.160 352,941 23.5% 1,852,941 Dec 4/12 Chernoff, Michael N. (initia... Indirect Ownership Rights exercise Rights

[glacierman]

BUt if you look closely 99.9% relates to the rights offering....nothing else.    The only other transaction of note is that Clay might have transferred shares to his charitable foundation.     My hypothesis still stands but we won't know for sure till the spring.    Exciting times ahead for MGM