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Bullboard - Stock Discussion Forum Zone Resources Inc. V.ZNR

TSXV:ZNR - Post Discussion

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Post by FLYER22 on Jan 09, 2012 8:21am

Rumor

Rumor talked about this weekend is that there are possible buyout offers already.

Once they get more drill results out, this will take off. You won't be able to get any stock.

Comment by SUCYN on Jan 09, 2012 8:27am
I don't buy the rumor thing....If there was a buyout rumor , Charles wouldn't have sold 60K shares @ 0.085 and 171K @ 0.09..... I do agree the SP will move up with more good drill results... SUCYN
Comment by FLYER22 on Jan 09, 2012 9:44am
Then don't buy into it. Insiders can sell whenever they want. Maybe he had to pay for a vacation. Maybe he had to pay property taxes. Maybe he just needed some beer money. He is entitled to sell like everyone else. You place too much emphasis on insider selling. Just watch share price. 
Comment by SUCYN on Jan 09, 2012 10:11am
right, He sold 60K shares at a loss for beer money..LOL...   Don't forget ,I am long and have alot of shares in this play...   SUCYN
Comment by Buddy_Fox on Jan 09, 2012 8:43pm
There's the old addage: Many reasons an insider can sell, only one reason an insider buys.   Insider buys are a more significant indicator of insider confidence, than insider sells are a sign of doubt.
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