RE: RE: RE: Warrants etc. - BMR reply Hi slaveonfools,
I posted some messages on BMR myself, but unfortunately they don´t show up (or got pulled ?).
Jon from BMR posted:
"Greg, I was referring to the 15 cent warrants from 2011, not the 25 cents from the recent financing…..I’ve checked into this myself….all the 15 cent warrants are held by insiders or very close associates…….The Sedar filings do not take into account shares under control of insiders. Johnston and his immediate family, for example, hold in excess of 2.5 million shares (from Braveheart)……"
My comments:
- How can he "check himself" that "all the 15 cent warrants are held by insiders or very close associates" ? The only public source which is reliable regarding insider positions is SEDI (not SEDAR as Jon posted). That´s where I got my information from. And as I posted, insiders DO NOT hold all the 15 cent warrants.In fact, all 6 insiders jointly hold a total (ALL WARRANTS, not only the 15 cent ones) of 650,000 out of 14,666,001 warrants, thats just 4,4% of all issued warrants !
If Jon of BMR is correct, than "close associates" have to hold quite a lot of warrants ! :-)
- If Mr. Johnston and his immediate family do hold "in excess of 2,5 million shares", as Jon suggested, then again, it´s definitely not Mr. Johnston himself holding these shares, because according to today´s SEDI report, President and Director Johnston holds a total of 200,000 shares and 300,000 options !
That means, that the majority of the "in excess of 2,5 million shares" have to be hold by his "immediate family". My question would be, why is the President of the company only holding 500,000 shares and options, when "his family" is holding more than 4x his amount ? Second question: why did the President NOT participate in the most recent PP ?
A lot of questions, which can´t be answered with publicly available information. So I still question BMR´s answers. Unless they have insider information, they couldn´t know better. And if that´s the case, they should disclose their status. SEDI is very reliable for insider information, which is why I urge all readers here to have a look there for yourself.
FANTOMAS