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Message: Re: Mr. Hoel needs more money
3
May 07, 2010 02:04AM

It appears Mr. Hoel wants 'out'. He's got about 2 more kicks at the can before he has achieved his goal.

I must say I am surprised that our SP has treaded back to 19ish. I can imagine that there would be little buyers as most are comfortably in the PP, but at this stage of the game I don't know where the sellers are coming from.

Frank and Mr. Hoel are not in a highly amicable situation, so I am not so sure that Hoel is aware of the intimate details of what the crew is doing. With that said, when someone like this sells you have to question the motive.

And for the record, he hasn't timed is selling all too well in the past...looks like Frank has though!

Latest Filings Over the Past 12 Months - Maximum 60

- Information that has been adjusted or estimated by INK - Amended filing

Transaction Shares/ Account

Date Insider Name Ownership Type Nature of Transaction Security Price ($) Units Change* Account Balance

Apr 28/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.200 -25,000 -32% 52,600

Apr 21/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.180 -25,000 -24% 77,600

Apr 20/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.185 -28,500 -22% 102,600

Apr 16/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.200 -5,500 -4% 131,100

Apr 15/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.205 -6,000 -4% 136,600

Apr 06/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.210 -26,900 -16% 142,600

Mar 25/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.215 -25,000 -13% 169,500

Mar 15/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.255 -25,000 -11% 194,500

Mar 03/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.265 -25,000 -10% 219,500

Feb 22/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.270 -7,500 -3% 244,500

Jan 20/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.190 - 0.195 -50,000 -17% 252,000

Jan 14/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.195 -25,000 -8% 302,000

Jan 13/10 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.195 -5,500 -2% 327,000

Dec 21/09 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.195 -37,778 -10% 332,500

Dec 17/09 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.160 -40,000 -10% 370,278

Nov 19/09 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.120 -40,000 -9% 410,278

Nov 18/09 Hoel, Louis P Direct Ownership Public market sale Common Shares 0.120 -13,500 -3% 450,278

Oct 20/09 Candido, Francesco Indirect Ownership Public market buy Common Shares 0.085 20,000 4% 499,500

Oct 15/09 Candido, Francesco Indirect Ownership Public market buy Common Shares 0.070 16,000 3% 479,500

Oct 08/09 Candido, Francesco Indirect Ownership Public market buy Common Shares 0.075 50,000 12% 463,500

Sep 21/09 Boilard, Dany Direct Ownership Public market buy Common Shares 0.050 23,000 15% 173,000

Sep 18/09 Boilard, Dany Direct Ownership Public market buy Common Shares 0.050 85,000 > 100% 150,000

Sep 17/09 Candido, Francesco Indirect Ownership Public market buy Common Shares 0.050 16,500 4% 413,500

Sep 10/09 Boilard, Dany Direct Ownership Opening report Common Shares 0.000 0 0% 65,000

All data based on insider regulatory filings which are subject to input errors.

* Indicates percentage change of shares or units for the account in which the security is held. Many insiders have more than one account and the balance for each is calculated separately. See Holdings Summary for balances across all

ownership types as reported in SEDI.

See important disclaimer at the bottom of the last page.

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