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Simba Essel Energy Inc SMBZF

Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.


GREY:SMBZF - Post by User

Bullboard Posts
Post by stargazer1on Aug 10, 2014 12:06am
404 Views
Post# 22825827

Large amount of insider buying

Large amount of insider buyingFinely, we have actual members of Simbas' magement staff using their own money to buy shares of stock. And they were spending big amounts. Between July 8 through 10, Robert Dinning, President and CEO of Simba Energy, during the Private Placement, bought 4,000,000 units of Simba Energy for $240,000 at a price of $0.06 per unit. (one common share in the capital of the Company and one full share purchase warrant, with each Warrant being exercisable for four years to purchase one additional common share (a "Warrant Share") at a price of Cdn$0.10 per Warrant Share for the first two years and thereafter at a price Cdn$0.15 per Warrant Share.) Hassen Hassen, Managing Director of Operations bought 2,400,000 units, James D***(stock house informed me that I am not allowed to print his name), Director, bought 1,150,000 units, Keith Margetson, Chief Financial Officer, who should have a good idea of the companies financial status, bought 1,100,000 units, and John Burns, Chairman and Director bought 165,000 units. With this many people in management that have an inside knowledge of what is taking place, suddenly spending significant amounts of their own money to buy shares (and warrants) of Simba, it could mean that something big is taking place behind the scenes, or it might mean nothing. But to me it seems like there is a good possibility that their may be a major announcement coming that will propel the stock upward and that it would be a good idea to add more shares at these prices while they are still available.
Bullboard Posts