Post by
PlutusofCrete on Mar 30, 2022 11:54am
BIR bought back 87K shares at $8.17
However..two named executive officiers sold 25K shares each.
Details are available on SEDI:
https://www.sedi.ca/sedi/SVTItdSelectIssuer?locale=en_CA
Comment by
Donhow on Mar 30, 2022 7:16pm
If that is the case they are using borrowed money to buy out insiders. There must be a reason for insiders selling. Most likely is they need capital for other purchases, for instance Tourmaline shares or some other investment. Not saying Birchcliff is going to be swallowed up by another company, just that there is always a reason to sell.
Comment by
PlutusofCrete on Mar 30, 2022 9:01pm
Nah, this level of selling is nothing relative to the insider selling occurring at the competitors. Hue and Theo should not cause any difficulty with sleeping at night. If we see Jeff, Chris or Bruno selling....then we definitely have an issue and I would consider selling my shares. Still holding strong looking forward to $10 by June.
Comment by
gossamer9 on Mar 30, 2022 10:49pm
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