Peregrine Diamonds Ltd. PGDIF

it i getting

[mill44]

pretty serious, that's for sure.

[robybob]

uglier by the day.  So, Eric is giving up over 8 million options, millionares don't do this out of the goodness of their hearts.  This has stink written all over it.  Giving up his .21 cent options, being an insider, this is VERY VERY ugly.  Can anyone give the board a reasonable explination of why he would do this if he actually believed in the project? wtf??

[robybob]

and if Eric is tossing in his options, Robert et al,  can't be be far behind.  This could rapidly become a huge joke. Looking at the share price, hard to say that it isn't already.  What am I missing? 

[mill44]

I did not read the news but I don't think he is giving up 21c options.

[robybob]

these would be the options he recieved during the last financing, what ther ones would they be?  If they were old options, from the last financing for example, wouldn't he just let those expire?  Giving them up has a story behind it, and milionares don't give up on $hit they believe in.

[robybob]

looking at Sedi, option prices he is giving up ranges between 50 cents and 1.84.  50 cents options were from July 2013.

[robybob]

don't know if this will copy and paste well   2590493 2015-01-09 2015-01-09 Direct Ownership : 38 - Redemption, retraction, cancellation, repurchase -2,300,000 0.9200   9,100,000         Common Shares -2,300,000 9,100,000               2590495 2015-01-09 2015-01

[mill44]

"Eric Friedland has surrendered to Peregrine Diamonds Ltd. incentive stock options granted by Peregrine" They are not the options that came with the financing.

[ekim]

These are employee options. I believe there were close to 19.5 million outstanding..and Eric had 11.4 million options. I see on canadianinsider that Eric isn't the only one. Robert Boyd, Gordon Keep, Bernard P., Jennifer Pell all have listed under: 38 - Redemption, retraction, cancellation, repurchase Don't think they would all necessarily do this unless it is a precursor to issuing

[Gauwd]

if they re-issue ~ 19 million options at under 21 cents to insiders, it is going to be very hard for this stock to regain any momentum on news that is anything short of miraculous.

[mill44]

If they were for 50 and 85c, it is safe to assume they would have expired worthless anyway. Now they just made room for more for less an gave themselves some extra time as well. Probably in the interest of all shareholders.

[Fivecarat]

These games that people play have been going on forever and will continue unless a huge change in policy takes place.   All you can do is stay in the game and if it becomes to rich or stressful then it's probably time to move on to less challenging investments.  Before anything else happens on site, these are the times for them to take action on their behalf.

[ekim]

Yup. Technically, at the end of the day, PGD ended up 3% on 1.6 million shares traded. You have the price increase and you have the volume. Some would say that was a very successful day. It sure didn't feel like that though, as the day progressed. Opened up positive, then a tonne of trading at 15 cents and then ended positively. The first 5 minutes and last 5 minutes represented significant

[Gauwd]

Go to Sedi, Eric is alone, Boyd, Carter, Clements, Cohen etc.  All giving up options ranging in price from 50 cents upward.

[Gauwd]

my previous post should read, Eric ISN'T alone