>> please tell me the company hasn't been tanking(selling) their own paper
Don, the following was obtained from the BC Securities Commission (via Canada Stockwatch) - last updated Dec 19, 1997.
In 1997, Mr Jacobs bought and sold at various times but was a net seller of 21,200 shares while still retaining 3.9 million shares as of Dec 12. The last four transactions reported were all buys at $1.60, $1.50, $1.43 and $1.61 (on Nov 17).
Director Pawel Lukowski did nothing but add to his position in 1997 by buying 17,111 shares to hold 89,711. His buys since Sept 12 were at $1.80, $1.65, $1.49 and $1.40 (on Dec. 1).
Overall, these transactions indicate to me that two insiders have a high degree of confidence that the stock will rise in the future.
Buying this week at prices below what insiders paid as recently as Dec 1 didn't seem to pose much of a risk - broader based buying by other key insiders on the open market in 1997 would have been even more encouraging, however.
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