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"Friendly aquisition" of Prodigy Gold (Oct. 2012) / > 100k ounces in 2012

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Message: Re: Selling off
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Dec 19, 2012 02:36PM
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Dec 19, 2012 04:31PM
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Dec 19, 2012 07:29PM

Sure can buy a lot of Christmas junk and prostitutional services with the proceeds of the 3,000,000 shares the CEO sold this year. I don't know how many he had to begin with but if he has only 1,000,000 left I do not find this to be a very convincing vote of confidence in his company. Portee do you know what the deal is with these sales. Perhaps he has converted tons of options. Quien sabes. I agree that there are many ex-PDG shares that have been converted and now can be sold. I am surprised that motivated sellers did not sell PDG before the conversion particularly since most acquiring companies do tend to go down somewhat after paying up for the new acquisition. This was certainly my reasoning when I sold 34000 of mine at 1.06 before the conversion. I do still hold whole bunches and remain cautiously optimistic in the mid to long term but I am not any too sure about the short term.

Doc

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Dec 20, 2012 07:21AM
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Dec 20, 2012 08:17AM
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Dec 20, 2012 09:11AM
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