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Lorex Technology Inc V.LOX



TSXV:LOX - Post by User

Bullboard Posts
Post by MatthewZyon May 29, 2006 10:23pm
191 Views
Post# 10919184

today's action

today's action Looks like some big crosses between MGI and GMP. I'm not sure what this means for the stock but could it have something to do with this news?: LOREX TECHNOLOGY INC. ANNOUNCES CEO SHARE PURCHASE Lorex Technology Inc. has proposed an exempt distribution of 1,425,000 common shares at 88 cents per share to Henry Schnurbach, the chief executive officer of the company, for a total subscription price of $1,254,000. The share transaction is subject to regulatory approval and a four-month hold period. The board of directors of Lorex has granted to Mr. Schnurbach an option to purchase up to one million common shares of the company at 98 cents per share under the company's stock option plan. Two hundred thousand shares vest on April 1, 2007, and thereafter, the balance, namely 800,000 shares, vest over a 48-month period on the last day of each month at the rate of 16,666 shares per month for the first 47 months and 16,698 shares for the 48th month. The company has offered to make the exempt distribution of the shares and granted the stock options pursuant to the terms of its employment contract with Mr. Schnurbach. 15:28:57 T 0.95 +0.01 106,500 75 MGI 74 GMP K 15:25:07 T 0.95 +0.01 25,000 75 MGI 74 GMP K 13:33:38 T 0.93 -0.01 100 9 BMO Nesbitt 75 MGI E 13:33:38 T 0.93 -0.01 183,500 75 MGI 75 MGI K 13:18:42 T 0.94 - 47,000 75 MGI 74 GMP K 12:51:47 T 0.94 - 300 9 BMO Nesbitt 9 BMO Nesbitt E 12:51:47 T 0.94 - 3,000 9 BMO Nesbitt 74 GMP K 12:40:38 T 0.94 - 25,000 75 MGI 74 GMP K 12:40:16 T 0.94 - 13,000 75 MGI 74 GMP K 12:26:03 T 0.94 - 12,000 75 MGI 74 GMP K
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