RE: Managment Shares For debt @ .05 Great Vote of Confidence!Looks like the "vote of confidence" was only 50/50. There is another $500K in payables owing to these same insiders. Payables that they no doubt intend to settle in cash, possibly using the proceeds of the pending sucker sale.
stockgod3 wrote: Wow Great Vote of Confidence when MM takes shares not money! They must think .05 are dirt cheap or where we are gong? Decade Resources 11,710,288 shares for debt 2016-05-27 18:07 ET - Shares for Debt The TSX Venture Exchange has accepted for filing the company's proposal to issue 11,710,288 shares at a price of five cents per share to settle outstanding debt for $585.514.40. Number of creditors: eight creditors Insiders: K-6 Consulting Group Ltd. (Ed Kruchkowski), $152,770, 3,055,400 shares at five cents; Greenback Ventures Ltd. (Randolph Kasum), $42,600, 852,000 shares at five cents; Edward Kruchowski, $22,000, 440,000 shares at five cents; Sunbeam Drilling Ltd. (Randolph Kasum and Ed Kruchkowski), $275,800, 5,516,010 shares at five cents; Matrik Consulting Ltd. (Brian Morrison), $34,650, 693,000 shares at five cents The company shall issue a news release when the shares are issued and the debt extinguished. Read more at https://www.stockhouse.com/companies/bullboard/v.dec/decade-resources-ltd#colHWBG8ME0CtcXx.99