Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Westaim Corp V.WED

Alternate Symbol(s):  WEDXF

The Westaim Corporation is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. The Company invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Arena and the Arena FINCOs. The Arena FINCOs are private companies which include specialty finance companies that primarily purchase fundamental-based, asset-oriented credit and other investments for their own account. Arena consists of two main business lines: Arena Investors and Arena Institutional Services (AIS). Arena Investors operates as an investment manager.


TSXV:WED - Post by User

Bullboard Posts
Comment by blindpigon Jan 20, 2008 9:36pm
412 Views
Post# 14233245

RE: and more

RE: and moreInsider buying is positive, but likely means WED is still a few months away from announcing some sort of restructuring of assets.   Insiders would not likely be snapping up shares just before an announcement, as this would likely get the attention of regulators.  Although this did not seem to bother Owen as he dumped most of his shares last year prior to bad news.  But then again he was probably asleep while the bad news of delays was being discussed during BoD meetings and was selling for other reasons.  Nothing more than a lucky break.

If Owen starts buying it will be a real positive, although unlikely given the fact he probably does not want to highlight his name for regulators.  He has nothing to worry about in Canada, but remember WED was listed in the US so they could still come after him.  Let's see....he sold 1.7 million for around $2 saving himself around $3 million.  Hmmmmmm.... that is almost half as much as Conrad Black was convicted of stealing and he got 6 years.
Bullboard Posts