Sunday, April 20, 2008

Wega Files Insider Trading Report

The latest Wega sales of Century shares have been filed. You can view them here:

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=cmm

Since Feb. 1 Wega has sold a total of 2,700,500 shares, but none the past 2 trading days. They still have 22.8 million.

8 comments:

Downtown Dantan said...

This is interesting.... Wega started selling in March, then finally reported all the sales on April 17th. Does this signal the end of this bout of irrational selling? or the end of round 1... with round 2 to start any time.

I emailed Wega about their sales and they responded by saying ,"Wega does not comment on their investment strategy apart from what is reported in our quarterly financial reports."

nino said...

Century takeover bid for Sulliden would of expired on January 30 (CMM pulled it on Jan.25), and Wega started selling on Feb.1, coincidence?

rhump said...
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rhump said...

El nino!!!!!! absolutely NOT a coincidence! All a long Wega has wanted Shahuindo and I strongly believe that it was Wega who put CMM up to the takeover bid for SUE. PK dropped the bid on SUE because it was obvious that the timing for CMM was not right. The company had other priorities such as Lamaque. Thus the displeasure of Wega with PK, and the selling of CMM shares. I am sure Wega has been buying up SUE shares, thus the rise in the SP of SUE. Now it is down to the litigation. With Wega playing both sides, they will get what they want, which is Shahuindo. The lack of selling by Wega the last 2 days means that CMM and Wega have mended some fences and may be just may be PK is on her way out OR Wega is pushing for a member on the CMM BOD this AGM. OR Wega is just taking a break to let the stock price recover a little before they begin the assault again. PK signed her own death warrant when she let these sharks take down 25 M shares. Hopefully things clear up by the AGM. Either way PK has lost all shareholder confidence and retailers are speaking out, much to the pleasure of Wega (LOL). PK lives by the sword, she will die by the sword. JMHO.

Wega is in control!

Carib said...

Actually there have been 3 rounds of selling CMM shares by Wega. The first was from Feb 1 - Feb 21; the second from Mar 10 - Mar 14 (when the stock was halted) and the latest from Apr 8 - Apr 16.

I said earlier they had sold 2.7 million, but the actual total is 2,821,500. Current balance from Sedi is 22,749,146.

If Wega has been buying SUE shares since Feb 1, they weren't doing it through the broker they use to buy/sell CMM shares and that is RBC. Since Feb 1 RBC has been a net seller of SUE shares. The largest buyer was TD with net buys of 1.3 million shares.

roxy14 said...

Gee's. Whats going on today. Is Wega buying back?

roxy14 said...
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Downtown Dantan said...

RBC is a net buyer today. wonder whether it's retail or Wega buying back some of the shares they sold. Strong uptick on SUE - 25% in the past few days. I wonder what's going on. Can someone post SUE's house positions in the past week? could Wega be picking up SUE. something smells fishy and someone knows something. I am tempted to jump in and pick up some SUE too. thoughts?