Desert Mountain Energy Corp V.DME

Insider selling

[Tubes101]

https://ceo.ca/api/sedi?insider=&symbol=DME&date=&transaction=&amount=&undefined[company_symbol]=DME

4000 share sold at 4.08CAD sold by a direct owner. 

[GoldenArm]

You're piece of excrement left on the ground. Failed to mention directors exercising their option at a price higher than the price today. Insiders are buying, buying, buying!!!! Almost a million in options at 4.25!!!

[Tubes101]

What are you on about? the only news we have from the company we are invested in is a director selling 4000 shares.  Take it as you will, that action and volume has dropped the share 3%. 

[Deerock]

I take this transaction as a bullish sign. If you check this director's past sales they usually coincide with a bottom and price is up within a few weeks or less. Not that there's that many data points to prove a trend but I think it shows that this particular director doesn't "trade" the stock. He has plenty of options and like others have said is just raising some capital

[Bertie20]

He's resigned! Some governance issues going on here, is my initial thought.... https://desertmountainenergy.com/desert-mountain-energy-announces-board-resignation/

[FilProTrading]

Yes, and as another post mentioned...he was scrubbed from the DME company website immediately AND now Don Mosher is listed as President and Director with RR as CEO and Executive Chairman. Shareholders certainly deserve a detailed explanation on this...as much as can be provided within the constraints on DME from whatever legal documentation I am imagine must have accompanied this resignation

[fausthimself]

The company never made a news release about Irwin Olian stepping down as CEO, so I doubt they'll make one about the promotion of Don Mosher or the resignation of Edward Schiller, who was just an independent director at the time of his resignation.  I was not surprised to see Ed selling shares over the past year, as his age is quite advanced to the point that it would only seem normal to

[Bertie20]

There was an announcement when Irwin Olian stepped down: https://desertmountainenergy.com/desert-mountain-energy-restructuring-management-team-as-robert-rohlfing-assumes-new-role-as-ceo-chairman-with-irwin-olian-retiring-from-these-positions/ I'm kinda wishing he'd come back, given the creeping signs of mismanagement.... 

[fausthimself]

Ah, my mistake. 

[HeliumHigh]

First, I have had my own concerns amount the maturity of the company's corporate governance.  In particular, I had been concerned about the appropriateness of recent issuances of stock options when well 4 news was seemingly imminent (which now seems like a bit of a moot point now).  Because this is a very small company with a lot of economic opportunity/value riding on its decisions,

[12groundpounder]

Very good post thank you