Excellent post. I cn only add one thing which is that there is a build in penalty for not following the disclosure rules and that is loss of personal credibility. For a founder, Chair and CEO to be reporting late, is pretty astounding. It makes one wonder how anyone on this planet ever backed the fellow. Doubt he will work again. Pray God not.
PROtrading wrote: See, that's why I love Latice. A mountain of information, for free! LOL ;-) Sometimes makes minor unitentional mistakes but quite spectacular in accuracy when you consider these bullboards are complete clown shows that get abused ALL THE TIME!
A note on TMX: "Data is compiled each trading day after the market close and is generally posted after 6 p.m. ET."
Data is compiled via "Insider markers", that assuming insider/broker isn't trying to hide...
Free summary is available here
Insider trade summaries
Paid service is
available here. They do have an "average guy" service.
You have to be careful and do some digging. First there are "broker errors" and my opinion of brokers isn't very high looking at the carnage some of them do on these bullboards with anonymous accounts pretending to be average guys.
IIROC is a self-regulating joke (broker org managing brokers, what a joke!). No wonder pro traders in the US want to teach Canada a lesson, so many ways they can do it. I guess we should be thanking them? Much like we should be thanking Nigeria for teaching he workd not "to be who fools that part with them money" on scams? Huh?
The info from TMX is from the brokers, where Sedi is by insider disclosure but these CXR insiders don't really seem to like to disclose much! LOL Quality companies comply with laws and disclose fast, garbage companies and management do everything to bypass compliance.
Canadianinsider.com pull stuff from sedi so that relies on insider disclosure compliance as well.
The main insider here seems to be giving his middle finger to compliance! He might be able to get away with that in Canada but the last people I would go against is the SEC & DHS in the US. These guys don't clown around.
Canadianinsider.com has a much nicer interface than the 1990's SEDI one.
A few people mentioned why we don't have an SEC in Canada. That's really what we need. Not the broker controlled mess we have today!
LaticelnExile wrote: Slumber, Can I suggest that you brush up on your internet skills today? tmx.com reports insider trading daily, as well as Canadian Insider. SEDI.com will display the transaction date and the disclosure date. These are public internet portals. Reorg Research is a fabulous subscription based service.
There is no conspiracy here, as much as you would like some to believe. It is just a crappy company with a crappy management team and that has made it an exceptional short for the last twelve months.
Anyone who has listened to you since last November is down 94%.
Lumberfeverlong wrote: Hey Lattice,
Stop insulting me on a professional level you crock! The only way you could have had access to information relating to Thompson's trading is if you had access to him, the company, his broker or his banker who made the margin call. If you did, there is something very fishie on your end!!!
LaticelnExile wrote:
Lumberfeverlong wrote: Thanks for checking with IR regarding their quiet period policy. Insider reports are due five days after a trade is made. We will know definitively later this week if insiders started buying immediately after the strategic review was announced to have been completed. I agree that insider buying after the strategic review was completed would be bullish for the stock.
Health123 wrote: Strategic Review is over and no insider buying. Why doesn't the CEO buy back those shares that he said were "involuntarily" sold? And before Lumber says they are in a trading blackout and they can't buy, I called IR, and they said NO TRADING BAN now that strategic review is over!
Still waiting for the massive insider trading we were supposed to see today.
Thompson has not filed one report on time in 2016 (he was
weeks late when he changed his shares to the limited numbered company in the Cayman Islands, LOL) He was also late in filing on his August 12, 15, 16 and September 16 and 21st sales. He has a disregard for the disclosure rules.
FYI, you can get daily insider reports through portals and services such as
Reorg Research.
How did you think that the shorts knew about his insider selling before he disclosed it?
For a self-proclaimed securities lawyer you should be disbarred!