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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T) -- Ignore unavailable to you. Want to Upgrade?

To: AL Berta who wrote (1214)	2/26/1999 3:18:00 PM
From: M. Merriam	Read Replies (1) \| Respond to of 1288

Opps!! I think so! Here's proof of the inadequacy of your source!! Subscribe to a proper service providing Canadian insider trading stats. (Show me one chart from your source giving insider stats for TSE-only traded company--you won't be able to, so don't waste your time looking for it.) This was more trouble posting here that it's worth, but I hate to see misinformation. Here are WT insider trades from Jan. of '98: symbol InsiderRelationship Security typedate oftrade Nature bought/(sold)price balance WT Goodliffe, Edward Thomas Director Options 1999-01-28notspecified50,000$0.56 200,000OSC WT Stuart, David Malcolm Director Common 1998-11-25MarketPurchase/sale (60,000)$0.79 0OSC WT Muzylowski, Mike Director Options 1998-10-29Grant ofoptions 200,000$0.91 200,000OSC WT Muzylowski, Mike Director Common 1998-10-13MarketPurchase/sale500$0.83 266,000OSC WT Muzylowski, Mike Director Common 1998-10-09MarketPurchase/sale1,500$0.83 265,500OSC WT Muzylowski, Mike Director Warrants 1998-06-27Other75,000$0.00 75,000OSC WT Muzylowski, Mike Director Common 1998-06-27Other 264,000$0.00 264,000OSC WT Owen, James Wallace Director& seniorofficer Options 1998-06-26Exerciseof options (100,000)$0.17 0OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-26Exerciseof options 100,000$0.00 262,536OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-24MarketPurchase/sale(1,500)$2.25 162,536OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-23MarketPurchase/sale(3,000)$2.41 164,036OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-22MarketPurchase/sale(3,000)$2.38 0OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-19MarketPurchase/sale(3,000)$1.72 0OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-18MarketPurchase/sale(3,000)$1.95 0OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-17MarketPurchase/sale(3,000)$2.00 0OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-16MarketPurchase/sale(3,000)$2.30 0OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-15MarketPurchase/sale(3,000)$2.23 0OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-12MarketPurchase/sale(3,000)$2.27 185,036OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-11MarketPurchase/sale(3,000)$2.30 0OSC WT Owen, James Wallace Director& seniorofficer Common 1998-06-10MarketPurchase/sale(3,000)$2.04 0OSC WTWilliams,MelvaJean Seniorofficer Common 1998-06-10Privatepurchase/sale6,334$0.2516,334 OSC WTOwen,JamesWallace Director& seniorofficer Common 1998-06-09MarketPurchase/sale (3,000)$2.290 OSC WTOwen,JamesWallace Director& seniorofficer Common 1998-06-03MarketPurchase/sale (2,000)$3.180 OSC WTWilliams,MelvaJean Seniorofficer Common 1998-06-03Privatepurchase/sale(61,516)$0.7810,000 OSC WTOwen,JamesWallace Director& seniorofficer Common 1998-06-02MarketPurchase/sale (2,000)$3.250 OSC WTOwen,JamesWallace Director& seniorofficer Common 1998-06-01MarketPurchase/sale (2,000)$3.300 OSC WTWilliams,MelvaJean Seniorofficer Options 1998-06-01Exerciseof options(61,516)$0.78 288,484 OSC WTWilliams,MelvaJean Seniorofficer Common 1998-06-01Exerciseof options 61,516$0.7871,516 OSC WTOwen,JamesWallace Director& seniorofficer Common 1998-05-29MarketPurchase/sale (2,000)$3.53 203,036 OSC WTOwen,JamesWallace Director& seniorofficer Common 1998-05-28MarketPurchase/sale (2,000)$3.580 OSC WTOwen,JamesWallace Director& seniorofficer Common 1998-05-27MarketPurchase/sale (1,800)$3.520 OSC WTOwen,JamesWallace Director& seniorofficer Common 1998-05-27MarketPurchase/sale(200)$3.530 OSC WTOwen,JamesWallace Director& seniorofficer Common 1998-05-04Privatepurchase/sale(43,000)$2.000 OSC WTCarter,David Director Common 1998-04-22notspecified (5,000)$3.2070,000 OSC WTCarter,David Director Common 1998-04-21notspecified(10,000)$3.2880,000 OSC WTCarter,David Director Common 1998-04-21notspecified (5,000)$3.2575,000 OSC WTStuart,DavidMalcolm Director Common 1998-04-20MarketPurchase/sale(40,000)$3.0060,000 OSC WTGoodliffe,EdwardThomas Director Common 1998-04-17notspecified3,000$2.670 OSC WTGoodliffe,EdwardThomas Director Common 1998-04-08 0$0.0012,000 OSC WTGoodliffe,EdwardThomas *GoodliffeCapitalInc. Director Common 1998-04-08notspecified2,000$2.300 OSC WTStuart,DavidMalcolm DirectorCommon 1998-02-13 Market Purchase/ sale (18,000)$1.47 100,000 OSC WTStuart,DavidMalcolm DirectorCommon 1998-01-28 Market Purchase/ sale (10,000)$0.95 108,000 OSC WTGoodliffe,EdwardThomas DirectorOptions 1998-01-140$0.00 100,000 OSC WTGoodliffe,EdwardThomas DirectorOptions 1998-01-14 not specified50,000$0.700 OSC WTStuart,DavidMalcolm DirectorCommon 1998-01-09 Market Purchase/ sale (10,000)$1.02 118,000 OSC WTStuart,DavidMalcolm DirectorCommon 1998-01-07 Exercise of options 124,667$0.16 128,000 OSC

To: AL Berta who wrote (1214)	2/26/1999 3:56:00 PM
From: M. Merriam	Respond to of 1288

Let's look at one insider's trading as an instructive exercise. WT director, DM Stuart, exercises his cheap options in January of 1998. He picks up 124,667 at $0.16 to hold 128,000. Within days he begins selling, almost 40,000 shares at prices between $0.95 and $1.47. A few months later, in April, we find him bailing out, selling 40% of his remaining shares at the lofty price of $3.00 each. How many on this list were so insightful in their timing? Late November, he exited completely at $0.79. According to the latest report I've seen, he now holds no WT. A firm believer, this WT director. Is it just a coincidence how this director was able to use the interest generated by WT promoters' hype at the time to dump his cheap shares for a very tidy profit? Selling $0.16 shares for $3.00--not a bad return... I guess that I was not the only one who felt that WT was not worth $3.00/sh. Mike