CanAsia Energy Corp V.CEC

Insiders / May 14, 2022

[radcat]

Here is the latest Insiders trading. Haven't had this updated for quite a while. Management is selling which is I take likely a signal of what they expect to happen. Jeff used to own over 1.7 million shares. Looks like managment is bolting!

40,000

Transaction:

Exercise for cash at $0.95 per share

2022-05-14

Macey, Gerald Joseph

-30,000

-$28,500.00

40,000

Transaction:

Exercise for cash at $0.95 per share

2022-05-14

Hibberd, Michael John

-30,000

-$28,500.00

40,000

Transaction:

Exercise for cash at $0.95 per share

2022-05-14

Alexander, Richard M.

-30,000

-$28,500.00

40,000

Transaction:

Exercise for cash at $0.95 per share

2022-05-14

Chisholm, Jeff Howard

-67,500

-$64,125.00

90,000

Transaction:

Exercise for cash at $0.95 per share

2022-05-14

Ostlund, William Douglas

-42,500

-$40,375.00

56,666

[bullhorn3]

radcat, thanks for this information. You might be right, or maybe they are getting ready for a dissolution, whereupon warrants become worthless. I don't know what happens to warrants if the company is sold. Compared to 1.7 million shares, the weekly volume of shares is small, so while your post is disturbing, it doesn't resemble panic... so far.

[kelsterman69]

They know what's happening with Thailand. I don't think they can do any trading. There has to be a blackout?    They announced on the 12th that they are in advanced stage of due diligence on the sale of the Thai assets, then on the 14th start dumping shares?    

[nozzpack]

They are exercising their RSUs. Nothing unusual about that ..

[Sudirman2]

Hard to tell from the original post, but is management selling or exercising RSUs(ie BUYING) ??? Makes a very big difference. 

[crocks31]

i emailed them and asked this exact question.  here is the response: The SEDI filings indicated below are for the vesting and settlement for cash of Restricted Share Units granted under the Long-Term Incentive Plan of Pan Orient. Restricted Share Units are not shares in Pan Orient and are settled in cash as per the Plan.  The SEDI filings for this settlement these RSUs

[kelsterman69]

Thanks Crocks. And that makes total sense. They report on the 12th, and the market gets to reward or punish them, taking the fair market value on the 14th. Im good with that!

[radcat]

As per Insiders (Aug 2018), Jeff had Shares Held of 1,795,000 and now has 90,000 under Shares Held (May 2022). So you are suggesting shares held isn't actually shares held? Huh? Does this also mean Yenbamroong Chatai doesn't really own over 6.3 million shares. He hasn't popped up in Insiders since Aug 2018. Date Name Shares Traded Value

[Sudirman2]

Super useful info. Thanks for the update.

[nozzpack]

260,000 RSUs vested on May 14. So they were automatically paid at the fair market value on that day...95.cents May 14. So, nothing unusual should be read into the cash exercise of these RSUs on May 14..

[radcat]

Just wondering why a managment team would sell pretty much all of their shares if we are expecting a "good deal" to be forthcoming. We were told they have multiple interest and they wanted to see a reserves update. That was sometime ago and still nothing. If Jeff had a reasonalbe offer I would think he'd let us know. Since an NR hasn't been issued yet it leaves us to speculate