Gold Canyon Resources Inc V.GCU

nobullsh!t

[20/20/12]

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Transaction
Date      Filing
Date      Insider Name
    Ownership
Type     Transaction
Nature     Security Designation
    Units or Value
Transacted      % Holdings Change *      Price
Dec 31/14     Jan 02/15         Inwentash, S.           10     Common Shares     -1,300,000     -10.4%     $0.11
Dec 30/14     Jan 02/15         Inwentash, S.           10     Common Shares     -3,744,000     -23.0%     $0.11
Dec 30/14     Jan 02/15         Pinetree Capital           10     Common Shares     -3,744,000     -23.0%     $0.11
Dec 29/14     Jan 02/15         Inwentash, S.           10     Common Shares     -3,567,500     -18.0%     $0.12
Dec 29/14     Jan 02/15         Pinetree Capital           10     Common Shares     -3,567,500     -18.0%     $0.12
Dec 24/14     Dec 24/14         Schmitz, R. A.           10     Common Shares     100,000     41.2%     $0.10
Dec 17/14     Dec 17/14         Levinson, A.           10     Common Shares     10,000     0.3%     $0.10
Dec 15/14     Dec 16/14         Bhandari, J.           10     Common Shares     7,000     12.7%     $0.12
Dec 15/14     Dec 15/14         Levinson, A.           10     Common Shares     10,000     0.3%     $0.13
Dec 05/14     Dec 08/14         Levinson, A.           10     Common Shares     5,000     0.2%     $0.18
Nov 28/14     Dec 01/14         Levinson, A.           10     Common Shares     5,000     0.2%     $0.20
Nov 11/14     Nov 11/14         Levinson, A.           10     Common Shares     5,000     0.2%     $0.18
Nov 07/14     Nov 10/14         Inwentash, S.           10     Common Shares     225,000     1.1%     $0.16
Nov 07/14     Nov 10/14         Pinetree Capital           10     Common Shares     225,000     1.1%     $0.16
Oct 28/14     Oct 28/14         Levinson, A.           10     Common Shares     5,000     0.2%     $0.20
Oct 27/14     Oct 27/14         Levinson, A.           10     Common Shares     5,000     0.2%     $0.20
Oct 24/14     Oct 24/14         Levinson, A.           10     Common Shares     5,000     0.2%     $0.20
Oct 23/14     Oct 23/14         Levinson, A.           10     Common Shares     10,000     0.3%     $0.20
Oct 21/14     Oct 22/14         Bhandari, J.           10     Common Shares     3,000     5.8%     $0.21
Oct 17/14     Oct 20/14         Bhandari, J.           10     Common Shares     2,500     5.1%     $0.22
Oct 15/14     Oct 15/14         Bhandari, J.           10     Common Shares     5,000     11.2%     $0.22
Sep 30/14     Oct 03/14         Inwentash, S.           10     Common Shares     36,500     0.2%     $0.23
Sep 30/14     Oct 03/14         Pinetree Capital           10     Common Shares     36,500     0.2%     $0.23
Sep 18/14     Sep 18/14         Bhandari, J.           10     Common Shares     10,000     29.0%     $0.23
Jul 31/14     Aug 05/14         Inwentash, S.           10     Common Shares     50,000     0.3%     $0.41
Jul 31/14     Aug 05/14         Pinetree Capital           10     Common Shares     50,000     0.3%     $0.41
May 05/14     May 06/14         Inwentash, S.           10     Common Shares     -1,300,000     -100.0%     $0.28
May 05/14     May 06/14         Inwentash, S.           10     Common Shares     -350,000     -21.2%     $0.28
Apr 15/14     Apr 16/14         Desjardins, J.           00     Common Shares     74,485     N/A     
Apr 15/14     Apr 16/14         Desjardins, J.           00     Common Shares     482,612     N/A     
Apr 15/14     Apr 16/14         Bhandari, J.           00     Common Shares     34,500     N/A     
Apr 15/14     Apr 16/14         Levinson, P.           00     Common Shares     1,015,000     N/A     
Feb 26/14     Feb 27/14         Inwentash, S.           10     Common Shares     67,000     0.3%     $0.37
Feb 26/14     Feb 27/14         Pinetree Capital           10     Common Shares     67,000     0.3%     $0.37
Feb 25/14     Feb 26/14         Inwentash, S.           10     Common Shares     83,000     0.4%     $0.37
Feb 25/14     Feb 26/14         Pinetree Capital           10     Common Shares     83,000     0.4%     $0.37
Feb 24/14     Feb 25/14         Inwentash, S.           10     Common Shares     50,000     0.3%     $0.37
Feb 24/14     Feb 25/14         Pinetree Capital           10     Common Shares     50,000     0.3%     $0.37
Feb 21/14     Feb 24/14         Inwentash, S.           10     Common Shares     50,000     0.3%     $0.37
Feb 21/14     Feb 24/14         Pinetree Capital           10     Common Shares     50,000     0.3%     $0.37
Feb 19/14     Feb 20/14         Inwentash, S.           10     Common Shares     83,500     0.4%     $0.37
Feb 19/14     Feb 20/14         Pinetree Capital           10     Common Shares     83,500     0.4%     $0.37
Feb 18/14     Feb 19/14         Inwentash, S.           10     Common Shares     116,500     0.6%     $0.37
Feb 18/14     Feb 19/14         Pinetree Capital           10     Common Shares     116,500     0.6%     $0.37
Feb 13/14     Feb 14/14         Inwentash, S.           10     Common Shares     180,500     1.0%     $0.34
Feb 13/14     Feb 14/14         Pinetree Capital           10     Common Shares     180,500     1.0%     $0.34
Feb 11/14     Feb 12/14         Inwentash, S.           10     Common Shares     35,500     0.2%     $0.31
Feb 11/14     Feb 12/14         Pinetree Capital           10     Common Shares     35,500     0.2%     $0.31
Feb 10/14     Feb 11/14         Inwentash, S.           10     Common Shares     142,500     0.8%     $0.29
Feb 10/14     Feb 11/14         Pinetree Capital           10     Common Shares     142,500     0.8%     $0.29

[oceaneleven]

also, Levinson not taking advantage of buying up shares this cheap now.............

[Titanwon]

Gold up big this a.m.     $1255.80    +21.50

[Schill]

Levinson bought before the dump had begun before year end. If I am correct and this is position shifting due to previous enormous tax loss selling, then in a financial surroundings where financing for mines is extremely difficult, the last thing a management should do, is to p.ss off your big shareholders and mining investors, by grabbing some cheap shares, they want to grab themselfes. To me this

[diabase1]

Schill: please explain your last remarks. (Levinson bought before the dump had begun before year end). Where is your proof?? (If I'm correct). Sounds like an opinion on your part, right!! That's ok, because I've got a lot of opinions on GCU as well. That said, did GCU management piss off Pinetree Capital/Sheldon Inwentash?? That said, I was pissed off when Mr Levinson got a 1M share

[Schill]

Dec 24/14 Dec 24/14 Schmitz, Ron A. Indirect Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.100 Dec 17/14 Dec 17/14 Levinson, Akiko Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.100 Dec 16/14

[Schill]

And today comes the first factual argument for my thesis, that it was taxloss selling by Inwentash: Jan 2/15 Dec 31/14 Inwentash, Sheldon Control or Direction Common Shares 10 - Disposition in the public market -1,300,000 $0.105 Jan 2/15 Dec 30/14 Inwentash, Sheldon Control or Direction

[oceaneleven]

Sheldon was forced to sell......GCU was among many of the holdings that got hit........and a few of them have recovered quite nice............

[Schill]

The reason why a don't believe that, was the hurry. If he would have been forced, he would have seen that earlier and started earlier. Gold and miners in the last two weeks were doing not so bad. Another reason could have been redemptions (also due to taxloss). Can you name a few of those shares that have recovered? I want to check when the recovery set in.

[Schill]

Since Jan 1sr (incl. today 1M) I count roughly 22.8M GCU traded. And from the first filing to Dec. 31st I have roughly 23.38M. So if it was taxloss related and this is rebuying (as I believe), we should be done by today or tomorrow and volume should normalize and maybe the ask should rise again and not be nailed down. But also if Inwentash is out and someone bought his shares at 10 ct. and has

[Torontonian52]

I thought that when someone sells and there is a lose you are not able to repurchase that stock for 30 days.  If you do you do not qaulify for the lose.

[Torontonian52]

sorry the LOSS. LOL

[Schill]

Excellent hint, thank you. Idid some search for tax loss selling under Canadian law and found this article: https://www.theglobeandmail.com/globe-investor/investor-education/tax-loss-selling-if-youre-dumping-your-dogs-read-this-first/article21834856/ You are correct. Also my thesis that the selling until Dec.31st was tax loss related is proven wrong in that article. The settlement date is what

[GBB2015]

This post has been removed in accordance with Community Policy

[Torontonian52]

Could still be Pinetree  (Sheldon) only under a different corporation.

[Iskyhigh]

that info has been available since Jan 2nd.

[Schill]

Even better. The quick filing indicates he maybe wanted to use the effect of the public filing to make sure nobody is disturbing his buying back. If someone has done him the flavor to take his shares at 10 ct. and this one was not keen on holding, then he would probably have waited with the filing, until the dump was finished, isntead to create downward pressure on the price.

[woundedknee]

Call it tax loss selling if you like, but I still believe it was pure selling to cover his debt covenents. 

[diabase1]

Great observation!! I thought of that too!! Time will tell whether he did or not.