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Bullboard - Stock Discussion Forum Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.

GREY:WFEMF - Post Discussion

Woulfe Mining Corp > insider trading shows board members bought 6 million shares
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Post by gereynolds on Apr 25, 2014 9:32am

insider trading shows board members bought 6 million shares

between March 26 and April 4 The president spent $300,000 to buy 3 mllion shares. What tells me news is coming is the fact that the board members used up all their options and this week  gave themselves another 5.5 million options. They had three years to exercise the options they used in March so what was the rush?
Ned's son bought 500,000 shares. He had to write a check, as did the other board buyers so something is coming SOON!!
Comment by ark88 on Apr 25, 2014 9:38am
Not sure how the facts support your observations and conclusions. Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Price Apr 4/14 Apr 2/14 Dundee Corporation Indirect Ownership Warrants ...more  
Comment by kilgor on Apr 25, 2014 2:57pm
Gereynolds...... I don't see any code 51 (exercise of options), or code 54 (exercise of warrants), so what are you talking about?
Comment by GaiusGermanicus on Apr 25, 2014 7:34pm
Kind of what I was wondering given that even though options WERE awarded they should NOT have vested yet.  At least I assume they followed standard rules of governance and had the options vest over a period of generalliy three years.  To be awarded options only to exercise them and be awarded more options they might as well have purchased stock on the open market at about the same price ...more