And here we go with insiders selling the stock:
Orko Silver Corp. (OK) | As of April 20th, 2010 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| Apr 20/10 | Apr 19/10 | Robertson, Linda | Direct Ownership | Common Shares | 10 - Disposition in the public market | -10,000 | $1.600 |
| Apr 20/10 | Apr 15/10 | Robertson, Linda | Direct Ownership | Common Shares | 10 - Disposition in the public market | -10,000 | $1.600 |
| Apr 20/10 | Apr 15/10 | Robertson, Linda | Direct Ownership | Common Shares | 51 - Exercise of options | 20,000 | $0.450 |
| Apr 20/10 | Apr 15/10 | Robertson, Linda | Direct Ownership | Options | 51 - Exercise of options | -20,000 | $0.450 |
| Apr 14/10 | Apr 09/10 | Cope, Gary Gordon | Direct Ownership | Common Shares | 10 - Disposition in the public market | -12,000 | $1.640 |
| Apr 14/10 | Apr 08/10 | Cope, Gary Gordon | Direct Ownership | Common Shares | 10 - Disposition in the public market | -75,000 | $1.640 |
There's nothing conclusive about the above sales, but they do tie in with a post I've wanted to write for a while. OK.v is one of those Siren Song stocks. I've looked at it at least half a dozen times and the story looks strong enough, the JV deal with PAAS and the free ride and this and that. I've taken questions on the stock from mailers more times than i can remember offhand. But when the inevitable deeper DD moment comes along and I start asking round I can never get industry insiders (or at least the ones I listen to and/or trust) to say a good word about the company. The responses are either "no comment" and "I pass on that one", or they're ....hmmm......let's just say not very complimentary towards the management team and leave it at that, cos for some unknown reason I'm feeling diplomatic this morning (let's hope it wears off).
The upshot is that I've never bought OK.v but have always watched it. Not planning on buying it either, especially when insiders think it's a great time to sell. DYODD, dude.
The upshot is that I've never bought OK.v but have always watched it. Not planning on buying it either, especially when insiders think it's a great time to sell. DYODD, dude.