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Sunday, May 13, 2007 10:42:27 PM
The crazy part is the recent changes in management just locked up a ton of the free trading float. The three new directors Jim Carroll, Len Klassen, and Slawomir Kownacki as per what I found out, all were investors in this stock prior to becoming directors, owning from 3-5 million shares each. The old management supposedly was screwing the company (chart proves it IMO) and these 3 formed a team and forced the old management out. This shows that the insiders have an emotional value to the stock and would not have interest in diluting it. This is unlike most stocks and could be a reason for the massive buying. I would look for form 4's to show insider buys. "Insiders will sell stock for any number of reasons, but they only buy it for one" Peter Lynch
The crazy part is one of the new directors is like the 3rd richest people in BC said to be valued over $100M. His investment group is combined worth over 1/2 billion. The reason he came on was solely because of this technology!
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