RE:RE:More insider trading I sure hope it's good news. Otherwise, Ramsay's trades betray a certain unfamiliarity with Canadian securities law. So far this year, he has (according to the record):
- bought and sold, respectively, 190500 and 140000 shares on January 11;
- (mis?)filed the January 11 sale on January 14 as a redemption;
- bought and sold, respectively, 70000 and 59000 shares on January 20;
- filed corrections re the January 11 trades on January 21; and
- filed further corrections re the January 11 and January 20 trades on January 22.
Even after the corrections, Ramsay's January 11 totals are still incorrect unless his January 12 trade of 25000 shares is read as having happened before January 11.
How are we to interpret these filings? Is Ramsay daytrading his own stock? Or is he attempting to effect some sort of one man share buyback? Is he just moving shares between accounts? Who can say, who can say.
(To Fortune Minerals' credit, Mr. Ramsay has unambiguously purchased 262500 shares on days other than January 11 and 20 this year, assuming no further Ramsay corrections are in the pipeline.)