Kevin,
I am writing this to correct your misinterpretation of the insider trading data. Jeff Mason did not sell the shares you referred to in your post. Those were 175,000 options, and not even shares held, that expired worthless on September 8, 1997, which had an exercise price of $1.30 (cdn). The option series is noted on the last page of this years (i.e. 1996) annual report. The code #46 on the insider trade report refers to options that have expired, and not stock that was sold.
No Director or insider has sold PSG stock and Scott Cousens actually purchased 15,000 shares as recently as June 27, 1997 and paid $0.60, increasing his holdings from 167,600 to 182,600 shares. Bob Hunter, and Bob Dickinson have 893,811 shares, and 645,466 shares respectively. You may consider S. Cousens additional investment small, but the point is that there has been no recent selling selling of PSG by management. |
