RE: RE: Insider BuyingMr Les,
If I am a Shill then I am going to call David back and start getting paid for being a promotor.
All I am is a long term investor that like you have seen many investments take a big hit last year.
I was buying shares at .32 in March and buying shares in October as well at .05. I copied and pasted my buys for 2008 as I have nothing to hide - I wish I held off buying until the fall but the whole resource market and small cap market took it on the chin last year with the venture excahnge down 70%. My average cost in 2008 was .16 which still sucks but I am not going to put my blame on one person in any stock taht is down in a bear market.
IAM is obligated to buy shares basically up to .15 by the Fall so I could be close to breakeven with this batch by then I would hope. So If I wait and do nothing I could be up 50% in a half year and I woudl still continue to hold my shares until the next bull metal/small cap rally.
The Sapi issue is a technical issue re registration that should be resolved in the next little while. He was not fired nor did he resign on his own accord, just red tape. David is open to taking your call as he realizes you are a real shareholder and not someone that likes posting and has no ownership in the shares.
You liked the shares last year at .25 as I did. Now the shares are off 60% however the market is much weaker than it was a year ago and there are a lot of other bargains out there. I do have confidence however that IAM that manages about 2 billion in investments has a interest in this teeny weeny company that could be a good sign. But what to I know?
Good Luck to you
| Process Date | Quantity | Tran | Description | Price | Amount |
| 10/9/2008 | 30000 | BUY | AUGEN CAP CORP | 0.05 | 1,545.00 |
| 10/7/2008 | 25000 | BUY | AUGEN CAP CORP | 0.06 | 1,545.00 |
| 10/6/2008 | 4000 | BUY | AUGEN CAP CORP | 0.09 | 385.00 |
| 10/3/2008 | 16000 | BUY | AUGEN CAP CORP | 0.09 | 1,405.00 |
| 10/2/2008 | 10000 | BUY | AUGEN CAP CORP | 0.10 | 1,045.00 |
| 7/21/2008 | 10000 | BUY | AUGEN CAP CORP | 0.16 | 1,645.00 |
| 5/9/2008 | 500 | BUY | AUGEN CAP CORP | 0.20 | 145.00 |
| 5/8/2008 | 5500 | BUY | AUGEN CAP CORP | 0.20 | 1,145.00 |
| 5/2/2008 | 5000 | BUY | AUGEN CAP CORP | 0.22 | 1,145.00 |
| 5/1/2008 | 20000 | BUY | AUGEN CAP CORP | 0.20 | 4,045.00 |
| 5/1/2008 | 5000 | BUY | AUGEN CAP CORP | 0.23 | 1,182.50 |
| 4/30/2008 | 4000 | BUY | AUGEN CAP CORP | 0.24 | 1,020.00 |
| 4/15/2008 | 11000 | BUY | AUGEN CAP CORP | 0.25 | 2,795.00 |
| 4/15/2008 | 13600 | BUY | AUGEN CAP CORP | 0.25 | 3,473.00 |
| 4/15/2008 | 1500 | BUY | AUGEN CAP CORP | 0.25 | 420.00 |
| 3/5/2008 | 2000 | BUY | AUGEN CAP CORP | 0.32 | 675.00 |
| 3/4/2008 | 4500 | BUY | AUGEN CAP CORP | 0.30 | 1,392.50 |
| 1/31/2008 | 10000 | BUY | AUGEN CAP CORP | 0.28 | 2,795.00 |
| | | | | |
| 177600 | | | | $ 27,803.00 |