Replies to post #26630 on Cannon Exploration Inc. (fka CNEX)

[Super Dave]

According to this site, insiders must file a form of ownership change within two days of the transaction.

www.sec.gov/answers/form345.htm

Websites that report insider trading activity are required to post new information by the end of the day after receiving the forms from the SEC.

I can't find any information on the sites that report for CNEX. I can find info for other pinkies. Anybody else able to find anything?

[Talc Moan]

I do not see where he sold???

He had 300 Million Shares, Some were prob Common and Some were Prob preffereds. Did I miss Something??

Smitter SMTT

[thebloggingbanker]

He would have to record any insider transactions with the SEC. I don't think he sold. At this pps what would he really earn versus when we have a GEO and the pps is much higher. Another reason to convert shares from preferred to common is if he were to transfer them to another entity. That is what I think will happen. IMO