WESTERN POTASH CORP T.WPX

What's happening with this company?

[Jimmy2014]

I was looking at the different juniors in the Potash industry, but a few concerns about WPX stand out:

First, Insiders keep selling--do they have no confidence in the company?  I sent a couple of emails to the company that have gone unanswered so far.

Second, looking at SEDAR's website I see that a few of the members are enriching themselves in addition to their salaries by giving business to their other interests.

TERMINATION OF EMPLOYMENT, CHANGE IN RESPONSIBILITIES AND EMPLOYMENT CONTRACTS
Effective August 1, 2013, the Company entered into a two-year executive consulting agreement with J. Patricio Varas and J P Varas Management and Geological Corp., a company controlled by Mr. Varas (together “Varas”), the President of the Company. Varas receives a monthly fee of $31,667 per month plus reimbursement for basic health, dental and extended health care costs for him and his family and a monthly car allowance of $150.

Effective January 1, 2011, the Company entered into a one-year executive consulting agreement with Troy Nikolai, the CFO of the Company, and YCP Consulting Inc., a company controlled by Mr. Nikolai (together “Nikolai”). Nikolai receives a monthly fee of $8,000 per month plus standard benefits and allowances.

Effective August 1, 2013, the Company entered into a one-year executive consulting agreement with Patrick Power, the Senior Vice President of Corporate Development for the Company, and 0867808 BC Ltd., a company controlled by Mr. Power (together “Power”). Power receives a monthly fee of $20,000 per month plus standard benefits and allowances.

Effective January 1, 2011 the Company entered into a one-year executive consulting agreement with Dean Pekeski, the Executive Vice President of the Company, and Kraven Geological Corp., a company controlled by Mr. Dean Pekeski. Mr. Pekeski receives a monthly fee of $17,500 per month plus standard benefits and allowances.

[jimaras]

...that's easy. 1. UBS is buying/accumulating 2. Pilot project underway 3. Negotiations remain confidential ;)

[Jimmy2014]

Could someone post the positions for UBS for the past three months?--I'd like to see the numbers. I've also read that there are ongoing discussions and know that negotiations remain confidential, but wouldn't that create a blackout period where insiders would not be able to buy/sell?

[jimaras]

Exactly. It would create a blackout period if any material news would be in the verge of being published within the following 60 days.

[thairat]

biggest chunk today of 51,000 took Raymond James 0.215 10,000 TSX 12:40:17  001 007   0.215 8,000 TSX 12:40:17  001 019

[RetiringYoung]

In the last 3 months, UBS has bought 629K shares and sold 423K shares for a net gain of $49K in share value.

[Jimmy2014]

Thanks RetiringYoung-I've been with Scotia iTrade and CIBC Investors Edge, but I could never seem to find that info.

[thairat]

It's typically bottomfisher buying, down or up, they buy what they can get because they know it's cheap 0.215 10,000 TSX 15:09:22  007 007   0.21 1,000 TSX 15:09:22  007