Charity Shares and othersChuck owns 19 million shares and hadn't sold any or very little since day one. That goes for MTX as well, but his family and officers had dumped theirs.
Chad Ulansky, CEO, owns about 17,000 CD shares and 20,000 or so in MTX. He had a bunch of options in CD that he dumped in Aug 2019 or thereabouts. 110,000 @70 cents & 135,000 @ $ 1.00 aggregating about $1.2 million during the "booty run" to $7.00. Just take a good look at the chart. Selling started right after financing in Sept 2019 way before the poor drilling results in 2020.
As for Chuck's gifts to family, they alll dumped. His stock gifts are not the same as Charity shares.
The. 10 million dollar private placements included $4 mil conventional flow thru and $6 mil Charity flow thru. The brokers sold a lot of their "bought deal" shares to their "President Club" top clients. Dundee done much better getting in at $1.00 or so for 1 million shares private placement before Canacrap.
Don't get me wrong, CD could still move up on drilling results.
Flow-through, charitable-share financings are sold to philanthropists who remove the flow-through tax incentive and donate the (now common) shares to charity. ... The philanthropist or donor receives an additional 50% tax deduction for the donation, while no fees are charged to the issuer or end buyer.u