RE:Just curious,... (to Cdn. stock vets.)GETaLONG wrote: What do you account for Harry's 'buying' & 'selling' (within a 'tight range') routine?
With respect to Harry Barr's [CEO] insider selling, this is now a very common practice amongst juniors on the Venture exchange. It's the practice of raising necessary funds for exploration, in difficult market conditions, by insiders sellings existing personal stock, in order to free up cash, to participate in an ongoing private placement.
The advantage for the shareholders - moving the projects forward and hopefully reap higher stock valuations.
The advantage for the insider - same as above, but also with the added bonus warrants attached to their replacement placement stock re-purchases.
The disadvantage to the shareholder - a temporary lull in any upward stock movement.......until the placement closes.
Note, this is assuming that the insiders are using all their funds from their insider sells, to re-purchase the stock in the placement. And if so, then one could really call this practice an insider stock transfer and not so much an insider sell. But, if a selling insider only puts a portion of his sell funds into the placement, then the investing community must truly view this as an insider sale and question why he/she does not have any faith in the near or long term future of his/her company.