Inside Buying ...is it really? It's been well over the time allotted for insiders to update sedi.ca on their stock transactions but no one has made any filings. What this likely means is that the purchaser of the shares a few weeks ago was not an insider such as management or a Director. It's likely it was a fund owning more than 10% of Selectcore shares cost averaging, although $5,000 of share transactions doesn't really amount to much.
I'm still apalled that the company has not fixed their Q3 reporting. Blatant errors but it would seem that no one cares???
I'm also concerned that most of the monies raised went to pay outstanding accounts payable. Not that management would have any choice because if you don't pay suppliers like Rogers and Bell on-time they can withhold product which essentially shuts you down when the majority of your sales are coming from prepaid cellular pins. If you review the financials you will see that their has been a huge reduction in accounts payable. This is akin to someone giving you an interest free loan and then you having to pay it back. It sucks away your cash flow etc.
Finally on the bright side....oooops at a loss for a bright side....Merry Xmas