***Ed - comment about the 370,000 Donner shares sold by Tech.
Selling 370,000 shares according to the insider trading report by itself raises a bit of concern. However, when I look very carefully at my Tradestation chart of Donner (expand the time scale), look at the calander of what was happening at the time what do you think I find out?
While I am at the Royal York with others, executives of a few of the Harp Lake companies are telling us for sure this is the most significant intersection of thier life, the timing of the Teck selling of Donner shares would likely have been occurring at about the same time or at least on the overlap of the PR mission the following days in Europe. In my opinion this is not very ethical to put it politely.
So, in essence, while Teck and the other executives are yapping up the discovery to keep the price up, they are selling the shares into the euphoria of the market. I would think that in a court of law, there might be some difficulty with this. I would think every reasonable investor would think that Teck has the right to sell shares at $3.25 when there is a drill indicated reserve to support the price.
Sorry, but I think this is one of the most sleasy things to do, so we should check on the total picture here. I would also note that Mr Burton from Major General unloaded approximately 500,000 shares at about the same time. What we should do is track down all of the insider trading and post the timing to see if it all corresponds to the PR road trip.
Perhaps, the same executive from Teck who was making the presentation at the Royal York and also maybe Mr Burton from Major General would like to post here to explain why they were chucking their shares at the same time as the PR road trip!!!
I don't want to rain on the parade here, but all is not well I'm afraid and there appears to be some scallywags in this play. |
