GREY:WFEMF - Post by User
Comment by
Raptor7on Oct 05, 2012 11:12am
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Post# 20452673
RE: RE: As Blackbartt25 said
RE: RE: As Blackbartt25 said Yeah, this is all pretty confusing. His response states it was to pay back the loan but it doesn't specifically say the loan was paid back in shares. They may have been sold to another insider and proceeds were used to pay the loan.
And what does he mean by swap? Is a swap just the term he uses to mean a cross? AKA --- a prearranged transaction which would of course not effect the stock price?
Anyway, as far as I am aware a company is every bit as much an insider as any insider and if it was Woulfe actually taking the shares, then I would think they should be reporting this. I've seen many companies buy shares, usually as a Normal Course Issuer Bid, and they are all expected to declare their purchases and I believe they do. I provide an example of one company, Junex which has been buying back their shares for years.
https://www.canadianinsider.com/node/7?menu_tickersearch=JNX