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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Goldblackon Sep 22, 2012 7:56am
301 Views
Post# 20399208

RE: CAN'T DECIDE ??

RE: CAN'T DECIDE ??

the canadian insider link below explains 1,44 mil of the insider trade value. link below..>>>

https://www.canadianinsider.com/node/7?ticker=GCU

There are employee options expiring on October 12th totaling 1.45 million. Yesterday Schmitz &

Levinson each exercised 400,000 options @ $1.00 for a total of 800,000 shares. They then each sold

their shares aquired into freindly hands(800,000 shares @ 1.80 each= $ 1,440,000 total). This explains

the $1,440,000 insider trades posted by 20/20/12 earlier.

The balance of the insider sells of $ 717,768 probably represents approx 400,000 shares sold as part

of the approx 2.0 million shares being exercised under the warrants expiring on Sept 23rd @ 65 cents.

So there still remains for the balance of 2012 another 650,000 employee options expiring on

Oct 12th @ 1.00 each. And Finally on October 29th there are 3.135 million warrants expiring

@ 1.25 exercise price each(I believe Sheldon & Pinetree owns 600,000 of these warrants in total).

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