Gensource Potash Corp V.GSP

Another Insider Purchase This Week

[bobbythebaker]

On February 10th, Alton Anderson purchased 50,000 shares at 14 cents.  As the company just finished up a private placement, I suspect there are but 2 possible reasons for the insider buying this week:  (1)  In a show of solidarity / support for an upcoming Tugaske financing and/or (2) These insiders believe 15 cents a share is a good long term investment, as they generally are expected to hold shares as long as they work for the company.

[mdjbrown]

btb, there is no "generally" expected to hold shares -  It is a Gensource policy that requires directors to hold a minimum of $100K worth of shares in the corporation if I recall correctly.  I assume top ups are required if that monetary threshold is not maintained at a current shareprice. With this insider buying at .14 / .15 cents, it makes the fact that .09 cent options

[black364]

Bobby, it's a good thing that you, I and a multitude of the readership here have done our due diligence and know what's currently going on.  Brown on the other hand is the biggest pumper that this board has ever seen.  Yes, continual pumping in his sly way, discrediting Gensource and now that it is becoming evident to him that this play is too dangerous for him to short any

[mdjbrown]

Lol Black,  You best stay off the sauce ole boy. Its not even happy hour yet. First Im a basher, then Im a pumper. Then Im a shorter..........  Then Im wrong about insider buying when the SEDI facts are right in front of your face.  Gensource disclosure, not mine! As far as small glass slippers go, hope it doesnt fall to far and you do know inside information is illegal, right? A

[black364]

 " First Im a basher, then Im a pumper. Then Im a shorter.........."  The latter is your quote and yes, so true it is.  I and a few others are casted as pom, pom waving cheerleaders and I happen to not mind that.  I happen not to mind being on the right side of truth.  On the other side you've managed to pump out more redundant, sickening 

[habsguy]

Boots on the ground provides some good meaty bones....gl

[black364]

Perhaps it'll be worthwhile to make the trip again next month, habs.   EOM

[stockwatcher248]

BTB....why do you think the insiders never exercised their 9c options...as per your comment above is that telling us the stock is not a good long term investment???....

[bobbythebaker]

The stock options are actually a subtle topic.  Several of the GSP execs had as many as 500,000 or 1,000,000 options at 8 cents.  That would have required $40k-$80k in cash per person.  Worse, each person would have had to pay taxes on the difference between the $0.08 option price and the $0.14 share price at the time, so maybe a $50k-$100k per person cash outlay when all was said

[black364]

Mike Fergusson acquired 50,000 shares at 14 cents today.   Feb 13

[black364]

Sorry, Mike also bought 50,000 shares Feb 10.