Re: Insider selling.... More detail FYI
in response to
by
posted on
Nov 03, 2007 07:34AM
At first glance I was concerned about some insider selling.... as usual using Canadian Insider only give a 10 pixels of the protrait .
One should always go to SEDI for the complete picture...
As of today the insider positions are as such.
Hodge 2,722,800 shares and 450,000 options
Palmer 750,000 shares and 500,000 options
Peterson 2,225,000 shares and 750,000 options
Reid 530,000 shares and 1,227,000 options
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Total 6,227,800 shares and 2,750,000 options
or approximately 30% of the fully diluted issued and outstanding .
This is a vote of confidence in spite of the insider sells which have been only a small percentage of their holdings, and may have been to facilitate purchase of shares in the placement....That will be shown very soon as the placement should be closed next week.... Just the formality of the closure as all funds are recieved and it was oversubscribed... I was cut back significantley.