CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

RE:Ms Pettie

[BlueCollar51]

pezimhowe wrote:
What does this insider trading tell?

11/12/14	Pettie, Diane Joan, Senior Officer of Issuer	30,000	Exercise of options at $5.19 - $5.19 per share.	$155,700
11/12/14	Pettie, Diane Joan, Senior Officer of IssuerC	14,918	Exercise of rights	N/A
11/12/14	Pettie, Diane Joan, Senior Officer of Issuer	44,918	Acquisition or disposition in the public market at $3.5846 - $3.5846 per share.	$161,013

While we wait for Kherson to bless us with his in-depth financial knowledge I will attempt to apply my limited knowledge to the question.

Someone can correct me if I am wrong. My understanding is that a large part of the compensation paid to the Management and BOD is “Share Based”.

If they wish or have a need to cash their “Pay Cheques” they have to exercise some of their options and rights and sell the shares. They are not all “independently wealthy”.

It may be worth noting that as per this morning’s INK Company Insider Report Ms. Pettie has;

Direct Ownership
Common Shares 87,182
Options 156,300
Performance Share Units 6,766
Rights Options Bonus Rights 121,997

As Always; Do Your Own Due Diligence; It’s Your Money !!