This would be a legitimate argument,except.this is based on a series of assumptions.
What if these"insiders" are in reality making a long term investment???
RE:Resinco settles debt with Woulfe Shares
Resinco settles JRI payment with Woulfe shares
2013-10-11 17:08 ET - News Release
Mr. Hein Poulus reports
RESINCO CAPITAL PARTNERS INC. DEBT SETTLEMENT
Resinco Capital Partners Inc. has settled the outstanding incentive payment due to JRI Strategy Consultants Inc., a company owned by John Icke, the company's president and chief executive officer. The incentive payment pertained to fiscal 2010 performance.
In consideration, for full and final mutual release, the company has agreed to transfer three million common shares of Woulfe Mining Corp. into the name of JRI.
Given current depressed market conditions for junior resource investments, Mr. Icke agreed to discount the amount due to his company by a significant percentage, including waiving all outstanding accrued interest due in relation to the incentive payment.
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Board of Directors....Woulfe Mining Corp.
Mr. John Icke
Position: Director
Mr. John Icke has been the president and CEO of Resinco, formerly Longview Capital Partners, since January of 2008. He has more than 25 years' global management experience in both the private and public sectors. Prior to Resinco, Mr. Icke was the principal of JRI Strategy Consultants Inc. His other previous positions include serving as president of Accenture Business Services for Utilities, president and CEO of Lily Cups Inc., founding director and chairman of the Canadian Polystyrene Recycling Association, corporate vice-president and general manager of Indigo N.V.'s worldwide packaging business as well as CEO and executive vice-president of Sweetheart Cup, a subsidiary of Fort Howard.