GREY:HYKCF - Post by User
Comment by
hawkowlon Mar 16, 2006 8:52am
261 Views
Post# 10516428
Insiders
Insiders
From February 23 news release.
"Additionally, BMOCC has agreed to sell 175,000 share purchase warrants originally issued with the subordinated debenture to a member of senior management. In order to facilitate this sale, Hyduke amended the terms of the warrants to provide transferability between the debenture holder and the member of senior management. The share purchase warrants are exercisable at 70 cents per share and expire on March 15, 2006."
So Gord gets 175,000 warrants at .70 cents from BMOCC?
Then sells 10,000 shares to Veronica private for $2.20.
This might be legal but it still smells.
That is creating uneasiness in buying HYD with confidence in the investment community.
Also Gene has to stop dribbling his position out.
Reminds me of someone with prostate problems.
But their could be a method to his strategy.
His shares are being distributed to retail investors?Reducing the risk of a quick take over attempt ?
Thinking out loud.
Hey Gord I am willing to buy the balance of those exercised warrants for a nickel more than what Veronica paid.
Will even shave my legs if that's what it takes .LOL
Just my 2 cents as to why stock price is underperforming.