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Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."


TSXV:OX - Post by User

Bullboard Posts
Comment by HotSnoton Aug 20, 2009 3:30pm
276 Views
Post# 16235498

RE: RE: RE: Insider

RE: RE: RE: Insideryhzsailor i think your math is abit off. He sold 1.25 million shares at around .15 your math says he sold 1.25mil at .10 cents for around 12.5k. He actually came away with 187,500. I dont know if he reinvested anything. In any event, 187,500 is alot to ``pay a bill``. I think its more likely he chose to pay himself. Theres nothing wrong with that. Its abit strange that management asks other shareholders to believe in them and be patient and they tell us there is an agressive plan in action, things will move forward quickly etc... If he had that much faith then why sell that amount. If he sells 20g`s worth to `` pay a bill`` (its a recession after all) then maybe. This pay a bill garbage is another excuse i`ve heard for years now everytime management sells. Its another form of ``the labs are backed up``. These guys truely dont give a crap about shareholders. They are in it for themselves just like you or I are. The only difference is you or I do not have an ethical duty to be upfront and transparent in our actions. They twist words and deny intentions... seems like most of these junior miners do. If you know this an understand its part of the game they you can adjust your approach. I had a feeling this was going on but i just chose not to act. This goes back to me getting burned by juniors before.

I remember when the large share dumping was happening and if he had not sold those shares at that time the stock might have had a better chance. Thats alot of shares for management to dump on low volume. It was bound to move the stock down. Thanks guys.
Bullboard Posts