If Dwek is selling any shares they would have been purchased outside of the pp he just did. Most people who buy a pp do a gypsy swap and sell their shares in order to take a piece of the pp. they just have to report doing that as they have insider status.

These wouldn't have been shares from the pp because the OSC places a 4 month trading ban on pp shares and warrants.

Dwek may be below 10% .....I'm not sure at this time, as I'm in Europe on an Alp skiing and don't have my trading computer here. However if we have about 150 million shares out and he bought 3.7 million dollars in stock then he could have only bought about 5% of the oustanding shares based on the companies capitalization in this pp. If his ownership was indeed higher then he must have owned shares before the insider status the pp placed him in.

Even if he is below 10% for the time being he still must report buy and sell activty because he is in possession of material imformation (insider)

As far as the warrant is concerned.... of course he wouldn't have to purchase them. No warrant holder needs to buy their shares unless they feel like it. It is the warrant holders option when to buy them provided it is before the expiry date (typically two years).

He will buy them when and if the sp goes north of .53 and only at the point where he would be dispersing them. Why would you pay for something that you only need to buy the moment you want to sell it?.........If this makes you or Golddigga nervous then it may be your sell signal. Personally, if I sold every-time there was a sale by an insider then I'd own nothing and earn even less! Even so, it is a chicken poop number of shares.

JW, I'm not certain you completly understand PP's or warrants. Run a search on Wiki and it explains it really well.

Cheers.............carry