Bellatrix Exploration Ltd (Canada) BXEFF

RE:RE:RE:RE:RE:RE:Insider trading activity

[C32BTT]

Asset managers will of course have high ownership in any company because they have lots of funds to invest.  You don't need to make it all confusing here.  It's pretty simple, when managers own more of the company they tend to think in line with shareholders.  It's that simple.  The managers ownership relative to their salary is a stark difference.  I'm sure they can afford to invest in their own company if they truly believe in the value and future performance of the company.

Seppelt wrote:

As far as "Skin in the game" I have checked Management Information Circular dated April 2, 2018. Among all 10 directors, the Chairman held 227k shares + 65k DSU (Deferred Share Units). This was followed by CEO with 97k shares + Nil DSU. The rest held relatively few shares and one director had NIL.

Polar Asset Management held for his clients about 2.5 million shares and $24.7 million Convertible Debenture. And there is another major shareholder who retired US$10 of senior notes for about 7 million shares (May 2 news release). So it looks like there are people with a lot of skin in the game and the management's role is operational and not necessary long term strategy.