Post by
Johnnycash on Feb 25, 2021 4:53pm
New guy 2 million shares
Could someone please post a link to
the statements by posters alluding to this purchase. Thanks
Comment by
GorgeousGeorge1 on Feb 25, 2021 5:09pm
There is none. He joined the board with an opening balance of ~500,000 shares. It's not yet clear if that was part of his remuneration package or he purchased those privately prior to joining
Comment by
teheran10 on Feb 25, 2021 6:21pm
I don't think RECO would just give someone $2mln worth of shares but if they did, it means that there is something special in the ground. One way or another this is a very positive sign for us. Many positive signs. I am going with the scientists not with the Shorts. $150-$250
Comment by
Chas15 on Feb 25, 2021 7:30pm
They would of told us of that when he was brought on. He must of owned them privately and now that he is an insider he has to declare to the public, in the decision he sells the public must be notified.
Comment by
hipfner on Feb 25, 2021 7:36pm
Totally correct. Mark Gerlitz owned shares that were VALUED at $2 million when he became an insider due to him becoming a Board member. We have no information when Gerlitz bought the shares, nor at what price. Regardless, I'd rather see this example, than the usual - board members normally have no investments except what was gained from the generous options awarded for being alive.
Comment by
hipfner on Feb 25, 2021 7:38pm
Insider transactions must be reported to SEDI.ca within 3 days of the event. Knock yourself out and verify the info.