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Bullboard - Stock Discussion Forum Second Wave Petroleum Inc SCSZF

GREY:SCSZF - Post Discussion

Second Wave Petroleum Inc > INSIDERS BUYING
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Post by micromega on Oct 13, 2012 1:43am

INSIDERS BUYING

I see canadianinsider and I see

1) The CEO bought 35,000 shares at 0,89 in late July from the public market.

2) All The insiders (CEO included) have been buying since April thru an acquisition/ownership plan.

They have been buying a lot of shares at prices higher than the current ones thru that acquisition/ownership plan.

https://www.canadianinsider.com/node/7?menu_tickersearch=scs.to

As you see any purchase is about 1,100 shares for each person.
As this is not an acquisition from the public market, My question is
Do they exercise their options/warrants/rights and buy ?
Pls respond responsibly and seriously. Does anybody what it is ?
Comment by micromega on Oct 16, 2012 12:35pm
So  any  idea   what   does   that   "acquisition   under   an  ownership  plan"    means? Do  they  exercise  their  rights  or  options  or  warrants  and  the   insiders    add   on their  positions?    
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