RE:RE:insider buyingCiao wrote: smithgee wrote: 35000 shares!
Smithgee...link to source?
Surprised they didn't get enough of the PP 5 months ago. Or too much of a steal at these prices?
Hey “Ciao”,
Your statement: “Surprised they didn’t get enough of the PP 5 months ago”.
I can’t tell, is this another one of your statements made in jest for your own amusement?
To me you are suggesting that insiders actually got part of the “.27 PP from hell” as we call it. If that is what you were implying then it also is incorrect and/or misleading.
*****
The .27 PP was announced
June 7th to be between $ 1.5 mil & 2.5 mil. I got a very small piece of the first tranche of the PP. The PP remained open all summer (the PP from hell) and in the fall it is my understanding that several insiders including Advisory Board members were planning on stepping up and taking a piece of the .27 PP.
It was then announced on Oct 14
th that the PP was
increased to $ 4 mil to accommodate a group of new shareholders. This group has a significant following and the PP actually got
oversubscribed. I
submitted forms for additional shares in the increased tranche of the PP but I was allocated zero additional shares so purchased in the open market like many others.
Remember the run up in November to our current 52 week high of .60 – well that was pretty much the influence of this new group taking up the bulk of the increased PP.
OK, so what’s my point? Due to the over demand for the .27 PP and some members of the public getting zero allocation of shares the insiders were not allowed to participate in the PP (a B of D decision I believe) and insiders got zero allocation of shares. This can be confirmed by checking
sedi.ca Hmmm…… I wonder if that “other guy” considers that an unethical company decision. Probably ;)
*****
“Living in the sunshine”
Always DYODD
DKM
Note to self: This “group of new shareholders” would be a good topic for another “long winded post” by the old windbag!