Welcome To The Golden Band Resources HUB On AGORACOM

Saskatchewan's SECRET Gold Mining Development.

Free
Message: Charts & Comments

Important - Insider Sell

Netolitzky sold 5m. shares 15min. before close, after which the company reported to have produced only 800 oz. in the space of three months where the company was presumably back in operation.

This brings into question corporate ethics as noted in the Assets-Liabilities Mistmatch article.

I assume there is no real difference between Sprott selling ~1m. shares last March and Netolitzky selling ~5m. shares (after awarding himself options) on the close of income tax on the very last day in the last hour for 2013. I assume that Sprott settled their equity swap position with TD Securities, as is noted in their financial statements for 2012, and so now I assume that Netolitzky will have settled his equity swap position with Richardson Greenshields.

That means everything that he's doing right now is the result of contemplating and planning these moves months in advance.

According to the daily chart, the buys far outweigh the sells in the last two months:

http://scharts.co/1kvZ51E

http://canadianinsider.com/node/7?menu_tickersearch=gbn

-F6

Share
New Message
Please login to post a reply