I'm pretty sure I'm correct on this one--INDX does not "own" any of TEPUF, DUE or any other of the IREMCO companies. They are a loosely affiliated group of companies controlled by the same management group. So while Alex Guidi et al may benefit no matter which of these companies has the pea, unless you as a stockholder own all of them, you may not. So the logical question is, why not own all of them and benefit along with Alex? The answer is, only Alex & Co. have knowledge of where the pea is going next, and so can buy and sell ahead of this information (sound like insider trading to you?).
It has been suggested on this thread that you only need to watch the volume to know where the pea is going. I for one am not smart enough to have discerned any pattern from trading volume in these shares. I believe it was deduced a short time ago that INDX now "has the pea", but yet it still languishes around $1.50 a share. Durum the other day had 380,000+ shares traded (on a rise in the price) when the average volume is probably less than 10,000 shares, yet it still sits around $.40 per share Canadian, so I wouldn't conclude that it has the pea either.
One thing I had noticed a couple years back when INDX was trading on the Vancouver exchange was that Guidi & Co. would have dozens of trades a day in small share increments (the VSE had and probably still has a report on daily insider trading available on the Web, and for all I know maybe Guidi still makes up a large percentage of Durum's daily volume). It didn't appear to all be related to exercising options, since those you would expect to come in larger lumps. Anyway, I never could figure out what was going on, and that led to my initial suspicions about these characters way back then. So why am I stupid enough to continue to hold INDX and Durum? Good question--I guess the fear of kicking myself if I sold after all these years and they did manage to strike oil. Not a very good reason, I'll grant you.
Omar |
