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Lignol Energy Corporation V.LEC



TSXV:LEC - Post by User

Comment by M101on Oct 12, 2011 2:29am
204 Views
Post# 19139836

RE: RE: $895k in Annual Management Salary...

RE: RE: $895k in Annual Management Salary... Lyall was clearly locking profits, don't we all wish we had. The Rushton sale looks like tax loss selling, not that that's any excuse. I don't think management should be making any effort to support the price, if they get active on such a low volume stock they'll be manipulating it without trying and then we're all screwed.If the company ever gets any really good news it's going to attract the usual p'n'd scammers and we're going to see some real volume. It's been over a year since we had a million share day (2% of issued) so it'll be obvious and that's when it will be worth talking about insider sales. I would agree that the $200,000+ salaries are excessive if there was a high risk of running out of cash within 6 months. There is certainly a significant risk and that's why it's a penny stock, but there is also a history of extending the outlook as grants are awarded and milestones reached.
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