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Arcan Resources Ltd > question

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Post by dumcan on Feb 10, 2013 9:51pm

I was looking at insider trading and came across this.

Feb 8/13

Feb 7/13

McCoy, James Terrance

Direct Ownership

Convertible Debentures Matures Oct 31, 2018 6.5%

10 - Acquisition in the public market

$34,000

$850.00

Can someone explain this to me.

294

Comment by LongoGlueStick on Feb 11, 2013 11:21pm

Investors buy convertible debentures when they are bullish on the company. McCoy is the interim CEO and must feel positive about Arcan.

258

Comment by bladerummer on Feb 12, 2013 10:05am

uck off Spam, you wasted my time.

231

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