Check out previous IKN posts here that show just how many times insiders have sold shares into the market this year. Now here’s the latest in the looooong line of gimme da munneh transactions that sees management scoff in the faces of their shareholders once again.
MAG Silver Corp. (MAG) |
As of October 6th, 2009 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| Oct 06/09 | Sep 30/09 | Jones, R. Michael | Direct Ownership | Common Shares | 10 – Disposition in the public market | -20,000 | $6.320 |
| Oct 06/09 | Sep 29/09 | Jones, R. Michael | Direct Ownership | Common Shares | 10 – Disposition in the public market | -10,000 | $6.163 |
| Oct 06/09 | Sep 28/09 | Jones, R. Michael | Direct Ownership | Common Shares | 10 – Disposition in the public market | -10,000 | $6.300 |
| Oct 06/09 | Sep 25/09 | Jones, R. Michael | Direct Ownership | Common Shares | 10 – Disposition in the public market | -10,000 | $6.157 |
Another $300+k to soften the blow of not getting bought out (due to mgmt’s own strategic incompetence), Mr. Jones? Oh how sweet.
No wonder only geologists take this company seriously nowadays 😉