RE: RE: RE: What Do People Make of This?? Here are my attempts at answers.
The person registers with the regulators as soon as they become an insider. This could be on the first day of a person's job or the day they sign their contract and become privy to the inside workings of a company. They may never buy a share, but at least now they legally can because their insider status has been made public and it would not seem to be unfair.
Any future transactions buy/sell/options-grant now can be shown on Canadian Insider filings report.
MY MISTAKE was missing the PR on May 25 that indicated the company was reworking itself. The announcement of this person I mentioned was made in that PR and they are a director of the company now. I made it sound like a brilliant find on Canadian Insider but that was an error on my part. It was old news.
This person does have deep pockets and they ARE a director but you are correct, until we see some buying by the new gents (or the old board members) we are just in a boring holding pattern.
With 800,000 shares on the BID this morning at 2 cents, it is clear that someone wants to buy some...but I wish they actually wanted it bad enough to hit the ASK.
Good Luck my friends.
HnG