RE:Another Insider Purchase This Weekbtb, there is no "generally" expected to hold shares - It is a Gensource policy that requires directors to hold a minimum of $100K worth of shares in the corporation if I recall correctly. I assume top ups are required if that monetary threshold is not maintained at a current shareprice.
With this insider buying at .14 / .15 cents, it makes the fact that .09 cent options were allowed to expire confusing. Why not ensure that money goes back into the treasury, instead of into the open market?
Why not participate in the recent .15 cent private placement and capitalize on the warrants, again keeping the money in the treasury?
Dilution prevention perhaps? Optics?
I would think that if there was an imminent financing announcement for the Tugaske Project, insiders would not be able to acquire shares, but who knows in these markets.
Hoping for an announcement with a confirmed target date to break ground!