RE:RE:RE:ZARGON OIL's insider buys 267,000 shares !!!!stockfy wrote: Your statements are misleading and wrong. Get your facts straight.
The CEO, Craig Hansen, owns almost 8% of ZAR.
Additionally, the CEO Craig Hansen sold significantly less shares than the shares Peplinski James just bought.
Additionally, the VP of Operations Randolph Doetzel sold just 8,000 shares in September while he also bought 4,000 shares in September under the purchase/ownership plan, see filings:
Relax there, cheerleader. I hold a bunch of the debs and have no interested in talking the company down.
You mentioned the shares bought by Peplinski on Oct 2. The insider markers on the TMX for that trading day indicated that more than that number of shares were sold the same day. Some have been posted to SEDI, some have not. They usually appear within a week but there are exceptions. (And occasionally they appear as "alternative monthly reports" on Sedar, and occasionally they are erroneous markings.)
I know that Hansen owns a bunch of the company. I'm simply more concerned about the fact that he is selling at these prices than I am enamoured that Peplinski is buying. That's an opinion, not a fact, and certainly not misleading. These are the first sales I've seen from him and they are big enough to alarm me. Hansen also holds a bunch of the debs. (Disclosure: That's what I own, too.)
As for Doetzl: If you check the SEDI summary reports, you'll see that he has been regularly selling off his holdings, effectively to 0. He's buying them through a share purchase program (ie. automoated, not his choice) and has been dumping them regularly. There are many possible reasons for insider sales, but it is not encouraging that he seems to want nothing to do with the equity. After his recent sale of 8000, he owns 762 shares.