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Bullboard - Stock Discussion Forum First Asset Morningstar Emerging Markets Composite T.EXM.A

TSX:EXM.A - Post Discussion

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Post by bigbeach2010 on Jun 25, 2009 7:05pm

You know its bad when

Insider(s) / founder(s) / director(s) are dumping in the  $ .02-.025 area.  Granted it has not been anywhere near a substantial amount it still does not show any integrity.  With the severance given to the founders it makes you wonder why they do this for peanuts.

Jun 08/09 Jun 03/09 Gibson, Craig Direct Ownership Common Shares 10 - Disposition in the public market -50,000 $0.025
Jun 01/09 May 26/09 Gibson, Craig Direct Ownership Common Shares 10 - Disposition in the public market -33,000 $0.020
Jun 01/09 May 26/09 Gibson, Craig Direct Ownership Common Shares 10 - Disposition in the public market -77,000 $0.025
Feb 16/09 Feb 11/09 Gibson, Craig Direct Ownership Common Shares 10 - Disposition in the public market -24,000 $0.050
Feb 16/09 Feb 10/09 Gibson, Craig Direct Ownership Common Shares 10 - Disposition in the public market -50,000 $0.045
Comment by northernbull on Jun 26, 2009 1:29am
Thanks for posting that bigbeach, pretty brutal huh? Guess we're likely going to zero. When you're this beaten up, you can't help but hope for a turn around, but when your geologist is dumping for 2 and a half cents, you know things must be pretty bad. You pretty much have to give up hope entirely before making the decision to dump the shares of the company you've been working ...more  
Comment by bigbeach2010 on Jun 26, 2009 8:50am
I have dumped 80% plus of my original holdings albeit at a substantial loss, I do however still hold enough to make a difference if the stars line up and EXM pulls out of this.  If/when the company does fail it is now only a $2500-3000 loss, I do believe there are alot of individuals who will now steer clear of the present management in future exploration companys that they start up.
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