Lots of Insider buying going on
Things have been poor for this stock over the past 9 months but the future might be looking bright. I recently requested an insider trading report from the ASE and found lots of insider buying.
From July 24th to August 17th, Janice Morrison (assistant to CFO) purchased 30,000 to hold 30,000. Her previous trades were in 1997.
August 10th, Ken Ono (senior technical guy) purchased 5,000 shares to now hold 409,783. His previous trades were in 1995.
July 24th to July 30th, Rick Ernst (senior sales guy) purchased 100,000 to hold 152,000. His previous trades were in 1997.
July 23rd, Eric Apps (new president) purchased 200,000 shares to hold 300,000.
Finally, Lon Vining (CFO) acquired something like 40,000 shares to hold somewhere around 65,000 shares (this was reported in the Globe and Mail but not in the insider trading report that I received).
It is nice to see that they have confidence in the new management.
Paul |