Mart Resources Inc MAUXF

RE:SP Dropping

[mjh9413]

I said before it must be a no-brainer for insiders to exercise all the vested options (17MM plus) and accrue 15 or 20cents tax favored dividends in less than 6 months of this year, plus they need only sell about 6million at today's prices to equate to cost of all the options available to them. Presumably average costs of the holdings they are selling, assuming the costs exceed significantly the option prices, would mitigate the offsetting tax burden of capital gains. Is this what they are really doing? If on LSE we would already have had reports of the immediate insider sales but not in Canada where they have 2 weeks to file!!! Still, we might expect a diminshed downward draft on the share price ex-div if this is the cause of current selling pressure on sp. as these insiders would not want to add to their capital gains this year.

As to $2, I would venture it might happen if and when UMU-10 results confirm the UMU-9 offshoot. Still, I doubt it it will immediately stay over $2 after the initial response> I am long.