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Encore Renaissance Resources Corp V.EZ



TSXV:EZ - Post by User

Post by dogger2on Oct 27, 2010 12:06pm
372 Views
Post# 17618599

Abby's Transaction

Abby's Transaction
According to SEDI's insider profile Abi-Farrage  ceased to be an insider on March 14 2008 .This was when Abby resigned as prez and director of Encore ,  (Consolidated Gold Win Ventures at the time ) , and Mulberry took over .
 
The August 31 2010 news release that names Tomanek as CFO and Director also stated that Abby had been appointed as Vice President , Corporate Finance and may have been , once again , deemed an insider.Therefore ,on first think , he may have been updating a transaction that occured when he wasn't an insider and required to file.
 
According to Abby's SEDI filing he acquired 2,800,000 common shares privately at .15 and 1,250,000 warrants with an exercise price of .20  on Jan 07 2010 giving him a closing balance of 11,459,253 common shares and 8,814,704 warrants .
 
Abby's most recent SEDI filing , (excluding this Sept 22 2010 filing ) , was Oct 24 2007 and was a disposition of 100,000 common shares in the public market and gave him a closing balance of 8,659,253 shs .That balance plus the 2,800,000 shares aquired on Jan. 7th 2010 equals 11,459,253 .However this does not account for the fact that on April 14 2008 the company consolidated its shares on a ten for one basis .
 
On their financial statements issuers must provide an accounting of all shares issued as well as warrants and options outstanding .Encore has no warrants at 20 cents outstanding .
 
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