RE:According To Canadian InsiderPlenty, well none sure of that statement...currently given recently on Jan.31 2024 3.7mm shares, he participated in that last company placement. Prior, he had NOTHING left, as he SOLD everything then started selling last August. Today he holds this measely amount in my opinion, which has a HOLD of 4 months by the way. Look out after that..CEO, has been 5 steps ahead of retail investors.."Insider Info"..he has that advantage. Things not so good lately..Well Problems...my guess is this has always been the problem with these gas wells and with the reserves on this SASB block, thats why no-one has attempted to acquire this block for years...THEN along comes Halleran...the rest we all know..
For all the hype , promotions and belief... this CEO has in this block...HE SHOULD BE BUYING AND ACCUMULATING SHARES...not have sold his entire holdings..This 2.7mm holding is new shares acquired and I wouldnt discount the fact that the last financing was predicated on CEO to participate as well, if other investors participated as part of the financing agreement..My opinion only and speculation...seen this arrangements many times with private placement financings...Brokered or non-brokered..Its the way institutions negotiate with these deals, having the management put out as well...Only problem, later on... they dont have much control...or maybe they have it in the financing agreement restricting sales by the CEO and its management for a prolonged period of time beyond that 4 month regulator requirement...MAYBE, its a possiblity... Anyhow....facts are facts..Where is that Up-date....