RE: Insider 'Activity'
8,333,000 shares * $..06 per share = $500,000
$500,000 (potential pp / cash injection by INTAC (the company Mr. Plaxton manages)) + $1,000,000 debt drawdown = $1,500,000 (amount of debt payment due and made on August 31, 2012)
Assuming there was a $500K pp done (to not have to dip into limited surplus operating cash - the operating surplus cash contribution, with Jojoba not yet contributing to the buttom line, already has to sustain Corp. G&A, percussion drilling/exploration, about $800K per quarter interest payment on the debt, etc.), it seems like Mr. Plaxton raised most of the $500K cash via the open market.
I guess we will have to look out to see if there is a footnote in an NR or a SEDAR document in the future, about a $500K pp to INTAC.
I had also noticed that someone with a Scotia account bought a good chunk of those INTAC shares on the open market (but not all of the shares). Basic logic would suggest that the Scotia buying might have been coordinated (one would think anyway), with someone either in connection with INTAC or with NWM, giving the timing of everything.