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Message: Re: Insider buying-you were right money75-skier
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Jan 27, 2011 10:05PM
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Jan 27, 2011 11:30PM
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Jan 28, 2011 06:45AM
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Jan 28, 2011 09:33AM

". All I know is I hope Management will not permit him to purchase an amount greater than 10%, because that would hinder GNH SP appreciation."-skier

Hi Skier, Management at GNH cannot control when a shareholder increases a position.

It isn't something they would even know about! If Dwek owns more than 10% he is considered and insider (even if he isn't). He will be the one required to file with SEDI that he has made a trade and only after the fact. GNH wouldn't know unless he chose to tell them.

I'm also not sure I agree that having DWEK make disclosure is a bad thing. We will always know within days of his intentions. If he goes below 10% we are blind unless he tells our management his intentions. I like knowing. Curious why you think this is problematic? I don't see how it would hinder sp appreciation but am interested in your thoughts on this.

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

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