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Thanks for the info. I didn't realize it would require them to cover.
Why will uplisting screw the shorts? Because the price will spike?
Ah thanks. Darn lazy traders needing to get to the hamptons.
Is it just me or does it look like no trades for last couple of hours?
Yes. You better let your "insider" know that you will be divulging their name under penalty of law very soon. My guess - your insider is a certain competitor that isn't as inside as they may think they are. How does it feel to be a cat's paw? Like being used?
Further - why wouldn't mgmt sell some portion of their holdings when the stock price goes up? Every company I am personally involved with - when the price goes up - I sell my options etc. It is how I get paid for investing in the company and working to see it perform.
I hope Mike gets the opportunity to sell all of his shares at some price over $5 - he deserves to have a financial "win" for the amount of blood, sweat, and financial equity he has put into this company. Certainly 1000x more deserving than some penny stock manipulator that can't operate a fleabag hotel.
Warning: this is BS. As I pointed out yesterday, MGMT has not been selling. Unless someone can point me to specific information from govt sources showing otherwise.
Yes - I believe there is a rot that keeps coming around.
Tell me again which insider you know is selling shares? Which insider/mgmt you know has a criminal record?
Crickets....
Let's say that the riskiest company is a 100 - a company like Abattis could be a 90 risk. So - Abattis is technically less of a risk than the worst - but still a seriously seriously risky investment in a business that is still illegal in more than 90% of the countries in the world.
When people say they wish they took more risks at the end of their life - it's backward thinking coupled with a bit of revisionism. Do they really think they should have gambled their kids college funds? Should they have put their families on ramen for a couple years?
I work with millionaires and billionaires. None of them got to this place because of risks based on factors out of their control. The risks they take are ones based on themselves - what they invented, made & sold, developed etc. Investing in stocks is a passive activity - I know of no one of significant means that wishes they risked more gambling on companies out of their control.
But whatever.
You have to report all buys/sells within a shirt time period - something like 14 days or maybe 7. I don't remember offhand. If you don't file quickly as an insider - there are penalties.
SEDI.ca filings are the place to see where insiders are buying/selling/acquiring stock.
Not sure if this link will work - but here is Mike Withrow's insider report for Abattis for 2014 (if not - rerun search for "Withrow" and date range of 1/1/2014 to 6/30/2014):
https://www.sedi.ca/sedi/SVTItdSelectInsider?locale=en_CA
He basically owns about 8 million common shares and a couple million warrants and options. He hasn't disposed of any shares in the market since early May when he sold about 15,000 shares. My lucky stars - he made about $15,000!
So - I've posted the knowledge I have and where to confirm it.
Bensondog - put up or shut up. Which insider is selling such massive amounts of shares? Which member of management has a criminal record? If you can't tell me who - it's nothing more than BS.
Yes - thanks for the PM. He doesn't do a very good job of hiding his tracks. With some digging you see he is connected to a competitor through personal and professional ties. It will all come out and cause incredible problems for the other party.
This is getting stupid - my post regarding SEDI and SEDAR gets deleted? This forum is a joke.
I missed the email address in public forums - what is it? I have some resources at my disposal to track such things down.
What is there not to understand? It is unfortunate that the CEO is taking time away from running the business and executing the business plan to talk to you. I'm disappointed that he is using the precious commodity of his time to speak to penny stock investors.
That is very unfortunate and disappointing.
No spelling mistakes, but there is a typo nonetheless. Alas.
It rose on pure speculation and conjecture. It's a startup that just happens to be a public company. I don't think it's going anywhere any time soon and it would be, IMHO, a good thing for people to stop thinking/spouting off that it will. It isn't. I'm not bashing - I'm simply pointing out where this company is in it's life cycle.
The ultimate and sole goal for the *Company* is long term growth - not short term gains for traders. I'd be disappointed with the CEO if I knew he was responding all the time. I don't want him responding to emails/calls from penny investors. I want him singly focused on executing biz plan. While a response might but nice for someone's ego - think what it really means - he took time away from executing on the business plan. Leave the guy alone.
Give me a break - he's a CEO with a company to run, not someone who is supposed to chat with every little shareholder.
Ding ding ding - give this man a prize!
How do you know that I don't? It's immaterial however as I am not asking anyone to believe what I say or take any action other than to think a bit longer about motives, agendas, etc that may not be apparent on the surface.
I don't ask nor expect any respect - the only point I'm asking folks to consider (call it my civic duty) - why would anyone base *any* part of their decision on whether or not to buy a stock on the opinion of an Internet stranger who spoke to a CEO in the process of *selling* their company in the midst of a bunch of investors at a conference put on by a company who's purpose is to pull in new investors for the company.
So Shark Attack speaks with Mike for 5 minutes and knows that this is a legitimate stock. Other than the fact that Shark Attack doesn't seem to be able to spell ("skeem" is spelled "scheme", for example) - I'm not actually sure his man crush on Mike is relevant to anyone's due diligence on this company.
There are lot's of folks who think they can judge the merit of a person from seeing them for a few minutes. Think about the most famous of them all in the last couple of years....
http://crooksandliars.com/2014/03/george-w-bush-putin-i-looked-his-eyes-and
How'd that one work out?
Not sure how/why Shark Attack became the source for people's comfort - I'm just pointing out that it might not be a good idea to not actually look at the overall market, what this company has actually done, and who the people surrounding the company entail. All of these Vancouver listed companies have a bit of "mystery" surrounding them ... there is a reason why it's the center of the Canadian pump & dump universe afterall.
If you are long - why do you care what the stock price is at any point in time? Your holdings are a drop in the bucket and I doubt they really matter in the larger scheme of things with respect to the operations of the company.
Or are you simply a pumper as well? Hmmm......
Why does he have to do anything? Isn't the point of having a CEO to have someone who is leading the company and creating shareholder value? His job isn't to promote the share price of a stock - if that is the case, he's nothing more than a pumper. What do you want? A pumper or someone who is focused on building a company?
Folks need to do a little due diligence on Mr. Brusatore - sniff around Vancouver a bit and get a sense of what people think of this guy. Mainly a pumper - what has he actually built of substance. If you can point to an actual company with operating physical presence and not simply a prototype - I will eat my words.
This may be a silly question, but I am a bit new to iHub - on the charts - what is the difference between the red/blue lines? I assume it is a buy and sell situation - but I wasn't sure which is which. Thanks for indulging the question.
As a due diligence helpful item - you can always check out sedi.ca to see what insiders are doing. As for Abattis, it looks like insiders have been generally consolidating at these levels and selling very small amounts here and there.
Hmm... You like to do your DD, any idea what securities laws in Canada require of insiders or folks with more than 5% ownership. Oh yeah, reporting! Have you gone over to SEDI etc or looked to see if there was any PR? Probably not - rather, you asked the forum to do it for you...
Ugh.
Just curious why B..Dog thinks there were "free shares" - they were options with a strike price above where the stock is currently trading. And again, the debt swap was with a service provider associated with a director. Getting debt off books is bad? And the recent warrants were for a private placement offer to raise cash.
These actions are what "real" companies do... eliminate debt when in the best interests of the company and raise capital to execute on business plans. D'uh.
Does anyone actually look to see what the insiders are doing? It isn't very hard on sedi.ca.... come on, why listen to an anonymous poster (like me for example) - do your own DD.
Does anyone read...
"... has reached a debt settlement arrangement with a service provider which is related to one of its directors in relation to an aggregate of US$62,554 debt owed to the service provider."
Does anyone actually read the press releases - have you ever done the DD to see who the directors of the company are... looks like consolidation within the directors to me.