RE:Insider buying today!Who is buying is a big question. Could it be one of the newbies? Added some myself at .375 (should have waited) Lets hope the newbies are re-builders and not destructors of share value. Doesn't look good so far. Check out the reprint of their appointment announcement below.
| Company Name : Niko Resources Ltd. |
Last Updated: October 20, 2014 |
| Date |
Symbol |
Insider
Buys
Volume |
Insider
Sells
Volume |
Insider
Buys
Value $ |
Insider
Sells
Value $ |
Insider
Buys
Transaction |
Insider
Sells
Transaction |
Currency |
| 10/20/2014 |
NKO |
620,500 |
0 |
216,657.50 |
0.00 |
108 |
0 |
CAD |
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Appointment of New Directors
Kevin J. Clarke and Steven K. Gendal have been appointed to the Board of Directors effective August 13, 2014.
Mr. Clarke has led global high performance organizations of up to 15,000 people with sales over $1 billion and manufacturing facilities across the US, Canada, and Latin America. From 2010 to 2013, Mr. Clarke was President and Chief Executive Officer of Catalyst Paper, a manufacturing company specializing in pulp and paper for newspapers, magazines and other print applications, and led the financial and operational restructuring of the company. His restructuring experience included guidance through CCAA bankruptcy protection process, reduction of debt and annual costs, and successfully improving overall productivity and performance levels. Previously, Mr. Clarke was Group President and President of Worldcolor (Quebecor World) from 1986 to 2009, where he led institutional strategic planning and strategic business development initiatives. Mr. Clarke holds a Bachelor of Science - Transportation and Logistics from Niagara University in New York.
Mr. Gendal has worked for over fourteen years at Whippoorwill Associates, Inc., an investment firm specializing in distressed debt and special situations, and is currently the co-portfolio manager. Previously, Mr. Gendal was a Corporate Finance Associate at Brean Murray & Company from 1999 to 2000. Mr. Gendal received a Juris Doctorate from Brooklyn Law School and has a Bachelor of Science in Finance from Syracuse University.
"Kevin and Steven bring to the Board an independent specialized set of experience, knowledge and expertise that the Company requires in the furtherance of a successful restructuring and strategic development of plans for Niko's future recovery," said Mr. Wendell W. Robinson, Chairman of the Board of the Company.