RE:RE:RE:RE:RE:RE:RE:Possible Illegal Insider Trades?
quakes99 Thanks for the polite response, as usual you will never say anything remotely negative about the company and management. Im sorry but to me that makes everything you say suspect to either your very strong, one sided personal bias or you are in fact a paid pumper which I believe. Either way everything you say should be taken with a large pinch of salt. To your credit you do provide more good information on this board than anyone else, but your biased opinions should be ignored. And unlike you, I have no agenda other than making money in the market. I am a shareholder, I have an order in right now to buy shares, I said in early December that I was buying and that I thought the bottom was in. And yet I am not afraid to post on things that I view to be negative. I try to keep a realistic view of the positives and negatives because that is the way the markets work. I usually learn more from sincere negative posts than reading all the feel good nonsense that is posted.
Here is what I said on December 1st, Did you guys hear that bell ringing?? Yup, the bottom is in and that was the bell telling you so. The point of maximum pessimism has been reached. The news seems all bad, at least the bad news is all that's talked about. Half the people on here have sold their stock and have no intention of repurchasing. The sellers are all patting themselves on the back about how clever they are. The bear case is easy to articulate, even the half wits can list all the reasons not to own this stock. But consider these points. PLS is a huge resource and growing.. No long term debt. Commodities are massively oversold. The US Dollar is extremely over bought. Fed about to raise interest rates, and consider that the first rate hike in the past five cycles saw the US Dollar peak! Tax loss selling almost done. ARB unwind likely almost done. Volume is picking up and today's action has to be considered positive (so far). All this likely adds up to near term rebound in commodity stocks and commodities, a strong January effect, a declining US Dollar and FCU rallying 40-50% over the first 3 months of 2016. So yes maybe that was the bell ringing today telling us the bottom is in. I bought stock today. JMO
Read more at https://www.stockhouse.com/companies/bullboard/bullboard/v.fcu/fission-uranium-corp#xKObbqR49fIBYcsg.99
This shows that I can like a company well enough to buy the stock but not necessarily like everything about a company.
Back to the current topic.
I dont like to see significant insider purchases 6 business days before a major deal is announced. I find it hard to believe that essentially 1 week before a deal that the company wasnt exchanging information with CGN, dont you? No emails, no phone calls no due diligence by CGN? I never said it was illegal insider trading as I said I dont know all the circumstances and I will leave that decision to the regulators. I said it was bad optics, it looks bad and it smells bad. This isnt the first time that they have had bad optics on their timing, consider the PEA announcement shortly after the company reset the employees stock options. I am not a fan of management, I do appreciate that they have done many things right for shareholders but they continue to treat this company like it is their own private company. Dev is arrogant, rude and dismissive to anyone who dares to say anything bad about how he handles the company. He forgets that he is only a minority shareholder. A little humility and a few good manners on his part might help me see things differently. Unfortunately the December 10th purchases show me that nothing has changed and that his ( in his mind ) privileged boys club continues.