As a further post to my last one here is some onfo to keep in mind as you look at GAB.V
First the insiders positions:
wwwa.canada-stockwatch.com
Here is a brief synopsis of the activity regarding GAB.v over the past couple of years with regards to Options and Private Placements that have done and maybe this will answer the question for the 8-9 people who e-mailed me as to what I meant by"Peeling off options"
Oct 29,1998--Company Private Placement for 3,333,334 shares at .15 with warrants attached with exercise price of .15 year one and .18 year 2....
Oct 29,1998- Director and Employee options approved for 1,490,000 at .15 for 2 years expiring October 2000.
Dec 10, 1998- Director and employee options set at 25000 at .15 expiring June 10 1999 and 800,000 options set at .15 expiring Dec 10,1999 and 620,000 options set at .15 expiring Dec 10,2000.
Feb 24,1999-Private Non-brokered Private Placement for 2,758,334 shares at .15 with warrants on a one warrant per share basis exercised at .15 year one and .18 year 2.
Participants were: Esther Zimmerman 1,541,667
Dianna Hubert 1,000,000
Hans Longerich 166,667
Ann L Neumann 50,000
April 27,1999-Private Placement for 2,000,000 shares at .15 with onw warrant attached to each share exercisable at .15 year one and .18 year 2.
April 27,1999--Employee and Director Options set for 1,850,000 at .15
May 25, 1999--Private Placement for 2,000,000 shares at .15 with one warrant attached with exercise price at .15 year 1 and .18 year 2.
Participants were: Dianna Hubert 1,166,666
Esther Zimmerman 513,001
Cameron S King 166,667 and 4 others
May 20,1999-- Employee and director options for 1,880,000 at .19 expiring on May 20 2001.
The options can be converted as soon as they are approved and I have not looked yet on Carlson but am willing to bet they file an annual information form so the hold on the PP's is 120 days and those shares are free trading.This would also suggest to me that Cannacord has been given the dubious task of peeling off the shares and warrants from the PP in 1998 as well as offloading the options.That is what I referred to as "peeling off".
The Osprey |
