Second Wave Petroleum Inc SCSZF

CEO has almost 1,000,000 shares

[puntabeach]

After the recent purchases at 51 cents, the CEO Colin Witwer has almost 1,000,000 shares.

The other 4 insiders who keep buying every week, they own from 300,000 - 600,000 shares as of today.

[iaminvestor]

The insiders have been adding all the way  from $1.3  (last   summer)  down to 40 cents.   https://canadianinsider.com/node/7?menu_tickersearch=scs.to

[jcw604]

Are these share simply given to them as part of their regular salary package or shares they purchase at a discount under an employee purchase plan, or totally out of their own pocket? Are we tell?

[iaminvestor]

The filing  and  the  link  are  clear. They buy shares  at a  discount (5%)  through  their  salaries  under  an  employee  purchase  plan. Although  they  have  the  option  to  not   do  it,  all  5   insiders   (CEO,  CFO   etc.)   keep  

[needtomakeabuck]

An insider has to buy in the market...and options are pre-negotiated so your blog does not make sense.   CEO having 1 MM shares is HUGE-he has alot more to lose than most if he does not turn it around.  when stock was at the high of $3.60 that means his investment was  $3.6 MM.  Now it is only worth $330,000.00 !!!! So tell me he is not going to try to turn this around. 

[iaminvestor]

U r wrong. ALL the insiders CAN DECLINE and AVOID BUYING  under this purchase ownership program. They are NOT obliged to buy.  Your post is  laughable. JUst to set things straight.

[nickleodeon]

Seems they are averaging down - not a good sign. To think I'm concerned about my pittance.   Nick.