Where did that insider info come from ?Dear k05,
Thank you for posting the list of insider transactions over the past several weeks. Very interesting activity this month - back on Jan. 9th over 200,000 shares traded, then all went quiet. May be that insiders are now in a blackout period and are prevented from buying if they are aware of inside information.
Question: where did you find the information on the insider transactions ? I checked on SEDI, SEDAR and the BCSC websites, but could not find the level of detail you listed. It's definitely useful and I'd like to be able to take a look periodically.
Finally, it's interesting to note that Pattison's purchase of 66,000 shares on Jan 4th was a trigger for filing an "Early Warning Report" under the BC Securities Act (he is required to file an Early Warning Report every time he acquires another 2% of the outstanding shares of a company he is an insider of). FYI 2% of SRF's outstanding cap is just over 200,000 shares, so it's no surprise that his purchase of about 122,000 shares on Jan. 9th did not result in any Early Warning Report. However, once he acquires approximately another 85,000 shares, he will have to file another Early Warning Report... will be interesting to see when this is !
Also, based on his reported holdings on the last Early Warning Report of Jan. 4th, Pattison held, indirectly, a total of 3,165,895 common shares of SRF. When you add the 122,000 he acquired on Jan. 9th, that takes him to a current total of 3,287,895. That amounts to 30.37% ownership of SRF (since on Jan. 4th his ownership % was 29.24% per the Early Warning Report).
Thank you
