KWG Resources Inc.

Exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario. These deposits are globally significant source of chromite which may be refined into ferrochrome, a principal ingredient in the manufacture of stainless steel.

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Re: Re...Insider selling..!?ReadyZed....

KWG Resources Inc.

over 14 years ago

in response to retiredrookie's message

Good morning RR, I think Stevie Ray has already explained this but KWG is in the middle of a private placement.

in other words, if Frank sells 3.5 million shares for 13 cents then within 5 minutes he buys 3.5 million shares in the pp for 12 cents he can pocket some cash and still have 3.5 million shares. furthermore he now has a half warrant to buy another 1.75 million shares within two years at his descretion. he's just increased his exposure in kwg by 50% and pocketed some money.

If he DIDN'T do this then i would sell my shares ....because our CEO would be a morron in my opinion.

This isn't a bad thing............it is a GOOD thing.

Frank CAN'T sell these new shares for four months. That should give you some confidence that things are stable from his perspective.

Please remember....that I have no knowledge that Frank has in fact done this.......however, it is a pretty good bet.

jmo

Carry