Re: Where We're At... What is significant
in response to
by
posted on
Dec 19, 2009 06:57PM
The company is now known as FUSE Cobalt.
I think it is more like an Israli / Palistinian relationship.
Why do you think, that I think, the SKP WEL deal was one of holding back WEL rather than advancing the project. I think Traps mentioned here about a year ago that SKP would like to expand the deal to include the Mike Power property. The present deal, with it's total lack of desclosure on SKP's part a testiment to this atttitude.... This is why I think if SKP had the opportunity they would take out WEL if they could get it cheap enough... hold the cat down and promote SKP untill the dilution to SKP is less than the dilution required to fulfill the present deal. Take out the cat and control the land.
I refer you to the comments made to me by SGR promoters last summer.... basicly trashing WEL and the managment.... the conversation ending in my request they never call again.... and a detailed account made to John and Wayne.
Why would one defame their own JV partner?
Why havn't SKP provided a detailed accounting of their progress?
What have they done over the past year in regard to their commitments on the poundmaker?
Given the first opportunity WEL should punt the SKP deal and either do it themselves.... Or joint venture it with a more honourable company.
Remember the comment that I posted from " Arness" about MMU being a flow through vechical...... Well the last placement again a testiment to that .... Insiders dumping over 1.3MM shares to take down a large portion of the flow through..... And what about those funds.... is a portion going to flow into advancing the Poundmaker... of more fancy mapping techniques!
March 1st won't come soon enough for me... given the oportunity hopfully WEL can punt skippy!
This is about as close to how I really feel without 4 letter words.
JMHO
StrikePoint Gold Inc. (SKP) |
As of December 18th, 2009 | ||||||
Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
Dec 18/09 | Dec 17/09 | Boulay, Richard Albert | Direct Ownership | Common Shares | 16 - Acquisition under a prospectus exemption | 425,000 | $0.470 |
Dec 07/09 | Dec 04/09 | Boulay, Richard Albert | Direct Ownership | Warrants | 54 - Exercise of warrants | -600,000 | $0.130 |
Dec 07/09 | Dec 04/09 | Boulay, Richard Albert | Direct Ownership | Common Shares | 54 - Exercise of warrants | 600,000 | $0.130 |
Dec 06/09 | Nov 30/09 | Boulay, Richard Albert | Direct Ownership | Common Shares | 10 - Disposition in the public market | -14,000 | $0.480 |
Dec 06/09 | Nov 27/09 | Boulay, Richard Albert | Direct Ownership | Common Shares | 10 - Disposition in the public market | -46,000 | $0.470 |
Dec 06/09 | Nov 26/09 | Boulay, Richard Albert | Direct Ownership | Common Shares | 10 - Disposition in the public market | -5,000 | $0.510 |
Dec 06/09 | Nov 26/09 | Boulay, Richard Albert | Direct Ownership | Common Shares | 10 - Disposition in the public market | -120,000 | $0.480 |
Dec 06/09 | Nov 26/09 | Boulay, Richard Albert | Direct Ownership | Common Shares | 10 - Disposition in the public market | -90,000 | $0.480 |
Dec 06/09 | Nov 26/09 | Boulay, Richard Albert | Direct Ownership | Common Shares | 10 - Disposition in the public market | -500,000 | $0.400 |
Dec 03/09 | Nov 23/09 | Cordick, Arness William Ross | Direct Ownership | Warrants | 54 - Exercise of warrants | -250,000 |
Strikepoint's Boulay, Cordick sell 1.36 million shares
2009-12-09 04:55 ET - News Release
Mr. Richard Boulay reports
STRIKEPOINT GOLD INC. PRIVATE PLACEMENT NOTICE
Two directors of Strikepoint Gold Inc. have sold in open-market transactions on the TSX Venture Exchange a total of 1.36 million shares to arm's-length parties during the period Nov. 17 to Nov. 25, 2009, and exercised outstanding warrants and options to purchase a total of 1.85 million shares from Strikepoint's treasury. Moreover, the two directors are subscribing for approximately 675,000 shares of the proposed brokered private placement financing announced in Strikepoint's news in Stockwatch dated Nov. 26 and Nov. 30, 2009.
Richard Boulay, chief executive officer and director of Strikepoint, sold a total of 775,000 shares and purchased 500,000 shares by means of option exercise, 600,000 shares by means of warrant exercise and is subscribing for 425,000 flow-though shares in the proposed private placement. Arness Cordick, a director of Strikepoint, sold a total of 585,000 shares and purchased 500,000 shares by means of option exercise, 250,000 shares by means of warrant exercise, and is subscribing for the purchase of 250,000 flow-through shares in the proposed private placement.
The purchase of shares by the two directors constitutes a "related-party transaction" as defined in Multilateral Instrument 61-101 -- protection of minority securityholders in special transactions. The transaction, however, will be exempt from applicable formal valuation and minority shareholder approval requirements as the fair market value of the shares does not exceed 25 per cent of the market capitalization of Strikepoint.