RE: INSIDER DUMPING HUGEAre the insiders really selling or are they buying? Hard to figure out but with all the volume and crosses going on last week makes one wonder what is really going on behind closed doors. I would not call this insider dumping when David Baker sells 400,000 shares after excercising 300,000 warrants. He still holds over 15% of the companies float.
Inlet investor 0702232 B.C. acquires 169,500 shares
2008-05-30 19:59 ET - News Release
Mr. David Baker reports
Inlet Resources Ltd. has been advised by 0702232 B.C. Ltd. (BC Co.) that BC Co. acquired, by way of acquisition in the public market, ownership and control over 169,500 common shares of the company. Prior to the transaction, BC Co. had ownership and control over 978,500 common shares of the company, and no principals of BC Co. had ownership or control over any securities of the company. As such, BC Co. has 1,148,000 common shares, representing 13.15 per cent of the issued and outstanding shares of the company. BC Co. has its business office located at 4567 Holly Park Ct., Delta, B.C., V4K 4S7.
The company understands that BC Co. acquired the securities for investment purposes. The company understands that BC Co. may in the future acquire or dispose of securities of the company through the market, privately or otherwise, as circumstances or market conditions warrant.
A copy of the early warning report filed with the applicable securities regulators regarding the transaction is available on SEDAR. A copy of the early warning report and further information may also be obtained by contacting Marilyn Wong, administration officer of the company.