5b analysis, page-8

  1. 168 Posts.
    hottuna,

    a good post, except...

    During a quarter where they are developing a mine and contra'ing off $365k of crane supply @ 2.60/sh, they have spent THREE POINT TWO MILLION DOLLARS on buying shares on market for the benefit of management and directors - bringing the total over the year to TEN MILLION DOLLARS for the benefit of management and directors.


    appendix 5B page 2 of the report specifies:
    1.19   Other - Employee shares acquisition under share plan

    where did the report stipulate that the shares bought were for the management and directors?

    if I were an employee, I'd definitely be asking for shares via this scheme, especially with the current sp.

    oh... and one more thing. it's a __loan__, not a gift.
 
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