Rick "lucky timing" Van NieuwenhuyseHey, 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.
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.
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.