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Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Goldmoney Inc. is a Canada-based custodians and traders of precious metals. The Company also owns and operates businesses in jewelry manufacturing and property investment. The Company’s operations and principal activities are conducted through its two wholly owned business segments: a Goldmoney.com and Goldmoney Properties Limited. Goldmoney.com is an online platform that provides clients with access to their Holding to purchase and sell physical precious metals and arrange for their custody and storage. Goldmoney Properties Limited is a United Kingdom-based entity established to acquire long-life property assets with secure long-term income streams. It owns eight properties totaling 431,025 square feet (GIA). Goldmoney Properties Limited also owns a portfolio of freehold properties known as 'Clarendon Quarter' in Oxford, Oxfordshire, United Kingdom. This portfolio of mixed-use buildings occupies an approximately two-acre site in the heart of Oxford City Center.


TSX:XAU - Post by User

Bullboard Posts
Post by Oregonduckon Jun 16, 2015 2:41pm
156 Views
Post# 23836395

No Insider Trading ??

No Insider Trading ??As far as I can discerned, no insider stock sales have yet taken place. Notwithstanding, it is proscribed under IIROC rules that an insider (holding 10% or more) must report any trade (buy or sell) within 5 days of a transaction. Roy "Israel" Sebag and Joshua Crumb together hold millions of XAU stock valued at $0.01 and $0.03 per share. They must have full confidence in their company to not dispose of any shares to date. Well, it has been known that insiders - to circumvent the Insider Reporting Rule - could dump their shares by way of "shorting against the box". A “sale against the box” is the type of short sale in which the seller actually owns sufficient shares to make delivery but chooses to borrow shares to cover the sale. The seller subsequently can use his own securities to repay the lender to complete the transaction. Those shorts will not need to be reported under the rule. Alternatively, the insiders could transfer blocks of shares to those offshore British Virgin Island (BVI) or Jersey Channel Island companies & secretly unload the shares from there.
Bullboard Posts