Sonoro Energy Ltd (SNV)

[MHT]

All of the News is Already Out


When they release the press release on the opening of the Albanian plant, it's not going to be any new news that will prevent the Insiders from buying at the present time, and right up to the day of.

They already released the news within their Q2 Financials that they expect the plant to come on-line in the Fall of 2010. As such, since they already reported this, they are not blacked out from buying right up to opening day.

The deal with the acquisition of Iraqi oil fields was news that prevented them from buying more. It was obvious that something was in play when they announced the 4 heavy hitters to the Executive Management team. However, they were prevented from buying during this time until that deal was announced. The moment that deal was announced, they started buying... and they will be allowed to keep on buying right up to the opening of the Albanian plant.

Speaking of Insider buying, did anyone notice the following trade that just went through a few minutes ago?

 
 15:02:58 V 0.335 0.02  3,000 59 PI 124 Questrade 
 15:02:58 V 0.33 0.015 52,500 59 PI 79 CIBC  
 15:02:58 V 0.325 0.01 43,000 59 PI 1 Anonymous

It's got Adam Sumel's signature written all over it. I'll guess we'll have to wait until tonight to see if that was him.