Insider Selling on One of Our Favorite Companies


The Warrant Report
September 19, 2011

Insider Selling on One of Our Favorite Companies


In this issue:

  • A Market Recap
  • Insider Selling on Great Panther (Not to Worry)

A Market Recap

The volatility in the markets continues with gold dropping back below $1800 an ounce. We believe there is a high probability that gold has put in at a minimum a short top and probably an immediate term top. Of course, long term, we believe there is much more to come but we need a cooling off period which will allow the markets time to consolidate and gather the needed strength to move to new highs in the coming months and years.

That said, we continue to be intrigued with some of the small exploration companies which are languishing at yearly lows. We are following many companies that are trading below C$0.10. We cannot help but believe some of these current under performers will be some of the big winners in the coming months and years. A basket of these low prices shares has the potential of providing us with 500% to 1,000% or more.

For those of you that are not currently subscribers, after subscribing you will see all of my positions and have immediate access to all of our services. SIGN UP NOW

Insider Selling on Great Panther (Not to Worry)

One of the benefits for subscribers is our constant monitoring of insider activity. We are always looking for new opportunities in which we would issue a BUY ALERT but we also are monitoring all insider activity on all of the companies that we own or which have warrants trading on companies in our warrant database.

One of our favorite companies for several years has been Great Panther Silver,

TSX:GPR and NYSE: GPL

Recently we noticed that Robert Archer, President and CEO has been selling some of his shares and of course this waved a caution flag for us.

Now insider selling does not always warrant a major concern as insiders, like all of us, have a need to sell and raise some monies for personal reasons.

In this case, I know Robert Archer and so I shot him an email Friday evening and he immediately replied and assured me that his selling was for personal reasons and not a negative reflection on his views of Great Panther.

Robert Archer gave me his permission to share his comments so here are Robert’s comments in two separate emails:

Hi Dudley, 

Good to hear from you.  Your response below was absolutely correct and I have nothing to hide.  My wife and I are buying some real estate and I need the cash now to close the deal.  It’s that simple. No reflection on the company or the markets & this is only about 20% of my holdings.  It is the first time since I co-founded the company in 2004 that I have sold any of my core position and I make no apologies for doing so now.  Feel free to pass this along.

 See you on the circuit!

 Best regards,

Hi Dudley,

 I get really tired of people complaining about insiders selling their shares, particularly if and when the latter are the very folk who found and grow these companies.  With our share price performance over the past year, I have had many people thank me for the new homes they have built, cars they have bought and for funding their kids’ university education.  Yet somehow, there is a perception that insiders are not allowed to partake in this benefit.

 Everybody wants insiders to support the stock when it is under pressure but they are not allowed to sell when it goes up.  So what is the point of owning any stock at all if we can’t sell it?  Not a particularly good investment strategy!!

 Nine years ago, I started the private company that became Great Panther with my own humble savings and, with the help of some dedicated and talented individuals, we have grown it into the success it is today.  Many of us went without salary in 2008-09 and put our own money into a financing at that time to help the company survive.  We are the ones who created the value that everyone else is happy to profit from now, so why is it such a crime for us to reap similar benefits? 

 As pointed out in my previous email, I have increased & not sold any of my core position in more than seven years and make no apologies for selling a portion of it now.

 As I do not partake in blogs or bulletin boards, I give you free reign to reproduce this email if you see fit.

Regards

Bob Archer
President & CEO
Great Panther Silver Limited
2100 – 1177 West Hastings
Vancouver, BC V6E 2K3
(604) 608-1766

 

Disclosure:

We are 100% behind Robert Archer and his team at Great Panther Silver. Some of our personal position was acquired around C$0.50 and some as low at C$0.20 in 2008 and we continue to hold our shares as part of our Core Holdings.

Not Sure About Warrants?

Think about it.  A warrant, a long term call if you will, on a company that you like that greatly limits your cash outlay while offering you the potential for great gains. The leverage is the key to warrants, a greater gain on your investment dollars. 

If you need more information you can visit our Learning Center.

We saw this interesting quote recently:

….” if we are all in the parade who is going to watch us walk by”

Think about this the next time you try and convince a friend or family member to invest in resource shares or warrants. Most just don’t get it, at least, not yet.


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For current subscribers we greatly appreciate your business and trust you are taking advantage of your subscription to our services.

    Dudley

Dudley Pierce Baker – Owner/Editor – Guadalajara/Ajijic, Mexico
Bruce Ross – Webmaster and Administrative Assistant – Phoenix, USA

Jeff Baker – Assistant Editor and Administrative Assistant, El Paso, USA

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