Gen III Oil Corporation V.PGK

Insider Trade...

[FASTTRADER67]

Does anyone have an idea of what to make of this trade as I see no news of a 100 to 1 unti financing/debenture etc.:

07/08/13

Van Hatten, Larry Michael, Director of Issuer

150,000

Acquisition or disposition in the public market at $3.50 - $3.50 per share.

$525,000

As per my previous post - JD not selling and LVH putting more skin in the game. Remember that as per the May 23 nr - "The first phase of diamond drilling is now complete at Imwauna and further drilling stopped while the Company awaits receipt of all assays from this program."

We have not seen all the drill results/assays for Imwauna and drilling was stopped. Usually you will continue if you have not found anything. So what are in those drill results? No insider selling and only adding...hmmm. Personally I added at $0.035 as my spidey senses are in overdrive. Could we see more news shortly? Time to buy that lottery ticket. imo

GLTA

FT

[duediligencedone]

The trade that you are wondering about looks to be a 150,000 share purchase at 3.5 cents which was eroneously entered in at $ 3.50 on SEDI (hence Canadian Insider.) It will most likely be ammended. - When I look at the time & sales that day for v.PNG I see a Canaccord buy for 150,000 shares at 3.5 cents which was probably the insider buying.

[FASTTRADER67]

I hope that the selling by Canaccord is not and insider as well.    FT

[klondikej]

As you said....they amended that trade. With previous insider buying at higher levels and the recent buying by anonymous, someone knows the value down here at these levels. This one will be .10 by the end of summer when the buyers return from vacation K https://canadianinsider.com/node/7?menu_tickersearch=PGK+%7C+PNG+Gold