RE: coty "Anyways, any ideas on the timing of the insider selling ( the same stock: lad )to come up with cash to buy into the same market just in-time to particpate in the pp/shares & warrants, on top of the millions of options already issued to the directors of LAD...No ?"
Hardly. A private disposition of shares to buy into a new issue isn't really that big of a deal. He gets to keep his warrants. Good for him for finding financing from an investor willing to take on his shares without the warrants.
What if the purchaser paid 8c/sh to him because of the lack of warrants?
Compared to the dirty games played on WFE in their takeover nonsense, this is really not that big of a deal. I'm just glad that LAD got more financing. Read up on how Sprott holds both GO and WFE and used GO to take over WFE at a discount through a reverse takeover by WFE. A smaller cap company taking over a larger cap company at a market rate discount disgusts me personally, and there's nothing I can do about it as a WFE shareholder other than vote with my paltry holdings.
Now insofar as the options are concerned, are you really that upset that there are 3m options outstanding on a company with a 49m share float?
You do realize as part of the purchase agreement with CMM, $1.5m is due on Oct 31? Without any operations, this does need to be funded somehow...