Has anyone looked at Canadian Insider… O 2/4/ 13 Sheldon Inwentash purchased 500k @.09.. Pine Tree Capital, Also made a purchase of 500k @.09 and Mike grabbed 50k @.09… Looks like Pine Tree and Sheldon are signaling that they are in this for the duration… I think that Mike and company want to get updated seismic Imagery so they can come up with the best possible plan for the next phase of drilling.. I for one am going to hang in here, pick up some more shares, and hold on and see how this plays out..
Relook at PIE's updated info. Mike has now bought 79K shares. He purchased on Monday, Wednesday, and Thursday. Pine Tree/Sheldon only bought the 500K shares on Monday. Not sure what any of it means if anything.
Per the last email from mike the time frame for Company Share repurchase has expiered.. A new round has to be approved by the BOD. They may want to hold on to all cash until Phase 2 drilling plan is hammered out.. JMHO..