Prodigy Gold Inc KXLAF

Phelps...

[red911]

Not just tax loss selling... FWIW.

red911

Prodigy Gold Inc. (PDG)						As of January 16th, 2011
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Jan 10/11	Jan 07/11	Phelps, Michael E.J.	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000	.350
Jan 10/11	Jan 06/11	Phelps, Michael E.J.	Direct Ownership	Common Shares	10 - Disposition in the public market	-11,000	.365
Jan 10/11	Jan 06/11	Phelps, Michael E.J.	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000	.355
Jan 10/11	Jan 06/11	Phelps, Michael E.J.	Direct Ownership	Common Shares	10 - Disposition in the public market	-84,000	.350

[Montrose2]

Don't have time to do back track research but didn't we cover this.  I seem to recall that the amount realized coincided with the amount needed to purchase expiring options.  Could be wrong. It is definately too late for Canadian Tax Loss provisions.  All in all 105,000 shares does not constitute some major dump. Onward and Upward

[hrattle]

I seem to recall that the amount realized coincided with the amount needed to purchase expiring options.  Could be wrong. Yes you are wrong.  And I guess the theory that he was selling just to pay for his cheap options is also wrong.  All in all 105,000 shares does not constitute some major dump.Another 105,000 sale on top of half a million at the end of the year.I

[grizfish]

If you have a daughter or son attending a nice university, selling 115k shares could net you enough to pay for one semester.  Basically, these "insiders" have expenses also.  I don't see this as a company problem.  More like a personal matter.

[hrattle]

I don't see this as a company problem.  More like a personal matter.Yeah, I agree.  The chairman of the company selling off 605,000 shares in small tranches over a few weeks (so far) must mean that everything is great with the company.  I am sure that like you he knows that the company is about to take off and the last thing he would want is to hold too many shares

[grizfish]

Where are all these numbers coming from?  Are they being pulled from a hat?  Or some other part of the anatomy? lolWhere does the 605,000 number come from?There is information, posted by others, that shows Michael Phelps sold 282k from the original 500k he was issued last year.  I think that is a fact!  But I really don't know!There was also a share number of 700,000

[hrattle]

Where are all these numbers coming from? Griz when you can't be bothered to do due diligence it is inadvisable to start criticizing others.  If you really wish to be informed then learn to ask politely.This simply reinforces the view that you are here just to pump and not to exchange information or discuss risks and rewards.Of course my post is spun negatively - every NR from Prodigy

[red911]

To see the Chairman exercising options and selling toward the end of the year to recoup costs, lock in gains, etc. is one thing and tolerable... BUT IMO... with all the negative stigma that has followed this company re: 'the Golden Mile', etc... to see this selling continue into the New Year (and so far there is no indication it has stopped) is completely discouraging, to say the least

[Dorje]

Maybe he is retiring after doing a stellar job as Chairman of KXL.On his watch he allowed a lie and fiddle 07-08 to take the stock from 5.00 to .20 cents

[grizfish]

I was just trying to get your attention, without directly accusing anyone of posting false information.  You really should learn to take your own advice (doing DD) and quit taking other people's numbers for granted.  However, the false numbers will get you a more dramatic reaction.  lolOne problem I see on these boards is accusing an insider of selling

[hrattle]

WTF are you talking about?!!!1. I did not take other people's numbers for granted. I TOOK THE NUMBERS OFF OF SEDI.2. The numbers are not false.  The sales are in the open market.  They are sales not purchases.  PHELPS SOLD 615,000 shares in the open market since Dec. 17 (so far).3. Purchasing options is bad news for shareholders as it adds to the number of shares in issue. 

[grizfish]

It certainly looks like I have failed to have a pleasant conversation with you.

[hrattle]

 I have failed to have a pleasant conversation with youIs that an admission that you have not been pleasant?  Grizfish you confuse an unpleasant message with the messenger.  It is not me who has sold 615,000 shares - I'm just commenting on it.  If you find anything unpleasant it should be that the chairman sells 615,000 shares or 26.7% of his holding losing perhaps