RE:RE:Cielo's Progress Updated April 18Hey Bucketshop,
I've never seen management actually increase their share position during a large initial run of their stock price. For example, during the potash, rare earth, lithium manias virtually all of the companies management dumped millions of shares and reduced their overall positions by 50 to 90%. They would receive options, warrants and then sell these as well.
This isn't the case with the Cielo management, the CEO, COO are actually increasing their stock position during the last year. Some directors are buying, some are selling. This doesn't concern me since directors are generally compensated by stock.
Are Cielo management receiving shares for cheap, that is for sure but they are holding onto most of them. Nothing odd about management receiving shares for cheap in the small, mid-, large- or mega-cap worlds.
Also, see below.
GLTA,
Sam
The below was posted on the Facebook Cielo Shareholder page, by Stan de Krosse,
"[@Kimay I asked Don about his selling a few days ago when that SEDI report came out and he basically said this 'I am buying my stock options, warrants and also exercising my conv debts. There are tax implications and purchases that I need to pay for, so I am selling stock to gain a much larger shareholder position.'"