IKN

a plague o both your houses

Nadagold (NG) update

Rick “lucky timing” Van Nieuwenhuyse

Hey, look at the lucky timing of the insider selling from Nadagold’s CEO. There’s nothing like half a million dollars in pre-tax profits to cushion the blow, is there? Note that RVN sold 300,000 shares the trading day before his company finally admitted to being totally in the caca. One day before!!! ROFL…talk about impunity and brass neck!

I guarantee that if you contact the company about the following insider sales, they’ll say to you, “Oh, but it was a margin call..totally in the hands of the brokers, and nothing at all to do with the NG President and CEO Rick Van Nieuwenhuyse” Or some such BS.

The man is a crook. No other word for him (well there is, but I try to keep this site as clean as possible).


Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Nov 24/08 Nov 21/08 Van Nieuwenhuyse, Rick Indirect Ownership Common Shares 10 – Disposition in the public market -154,727 $1.892
Nov 24/08 Nov 20/08 Van Nieuwenhuyse, Rick Indirect Ownership Common Shares 10 – Disposition in the public market -145,273 $2.061
Nov 22/08 Jan 02/08 Van Nieuwenhuyse, Rick Direct Ownership Common Shares 51 – Exercise of options 250,000 $1.000
Nov 22/08 Nov 19/08 Van Nieuwenhuyse, Rick Direct Ownership Common Shares 10 – Disposition in the public market -20,000 $3.000

Related Post
Nadagold: Don’t say I didn’t warn you

Update: As if by magic, a reader mails with this link for a Bloomberg note that has RVN quoted as saying, “All of the sale of the stock was out of my control — it was under the control of the brokerage house,” Van Nieuwenhuyse said. “It was a contractual arrangement. That’s the way margins work, and a lot of people have been caught.”

Meanwhile in other news Otto can confirm the moon is made of cheese and Santa Claus does exist and isn’t some kind of parental ruse to keep the nippers behaving through December.

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