Insiders playing games ...?Interesting and strange - in the May 2021 rights issue ($4.70), 45.2% of insiders committed to exercise their rights whereas in the May 2022 rights issue ($3.04), certain insiders only intend to exercise their rights. This could scare off many 2022 shareholders, but that may be the intention of the insiders – more cheap shares for them?
May 18, 2021 - Will insiders be participating? The following insiders (the "Committed Insiders") have agreed to exercise their Basic Subscription Privileges on all of the Rights they received in the Offering, and to cause their affiliates to do so: N. Murray Edwards ("Edwards"), a significant shareholder of the Company, Brian Kynoch, the President of the Company, and Larry Moeller, a director of the Company. The Basic Subscription Privileges of the Committed Insiders and their affiliates represent approximately 45.2% of the Offering. To the extent known to the Company after reasonable enquiry, no other insider of the Company has indicated an intention to exercise its rights.
May 19, 2022 - Will insiders be participating? To the extent known to the Company after reasonable enquiry, certain directors, officers and shareholders of the Company, have indicated an intention to exercise their rights.