Morning Report: Buying heats up at Genesis Land Development

Providing Insider News and Knowledge to Investors
Morning Report: Buying heats up at Genesis Land Development
January 28, 2015
Canada's morning overview of insider filings with a special focus on companies that may interest active and
momentum-oriented investors.
Canadian Company Insider Filing Tally* - Yesterday
INK Market-Wide Sentiment Indicator*
INK Market-Wide Sentiment Indicator: 266.7%
INK Sentiment Reading: Undervalued
INK Venture Sentiment Reading: Undervalued
*Filing Tally represents Toronto Stock Exchange and Venture companies with public-market transaction SEDI filings of directly-owned equity securities.
Indicators represent companies with buy-only transactions divided by companies with sell-only transactions of direct ownership equity securities in the
public-market by officers and directors (exclusive of officers and directors of subsidiaries or insiders) filed over the last 60 days. The chart line shows insider
sentiment trends by connecting the historic indicator daily readings going back one year. See our market report for commentary on indicator readings.
Report Tutorial Video : http://www.inkresearch.com/pdf_tutorial/morning.html
English
Overview: Sentiment and Stocks
In August 2013, Genesis Land Development (GDC) won a key court victory over a group of shareholders who were seeking
changes at the board level. The Alberta Court of Queen's Bench held that Smoothwater Capital Corp. had been acting jointly
or in concert with Garfield Mitchell, the sole shareholder of Smoothwater, Mark Mitchell, Edwin Nordholm and Liberty
Street Capital Corp. Following the ruling, the company and the dissident shareholders entered into an agreement on board
make-up as well as stand still provisions.
According to Smoothwater, a key provision relating to supporting an agreed to board of directors is set to expire the earlier of
the 2015 annual meeting of common shareholders or May 15, 2015. As that termination date nears, insider buying has been
heating up with Mark Mitchell being particularly active. However, he is not alone. Earlier this year Lloyd I. Miller III
surfaced as a new 10% holder who encouraged the company to "protect the rights of all public shareholders" in light of
"increasing concentration of share ownership by larger holders."
We will have to see if the stage is being set for a proxy showdown. Meanwhile, as fears grow over future of the Alberta
economy, investors are shunning the Calgary homebuilder. However, the recent selloff has left the stock with relatively
attractive valuations on a trailing basis. The depressed share price plus recent insider buying leave Genesis Land
Development with a mostly sunny INK Edge outlook putting it in the top 30% of all stocks ranked by on the basis of our
V.I.P. criteria (valuations, insider commitment and price strength).
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Page 1/10
Providing Insider News and Knowledge to Investors
January 28, 2015
Today's Chart
Genesis Land Development Corp. (GDC)
Chart reflects public-market and option-exercise transactions of common shares (unit trusts) by company officers and directors.
USD transactions are converted to Canadian dollars by us using the Bank of Canada noon rate on the transaction date.
Over the last 90 days, Genesis Land Development (GDC) director Mark William Mitchell has spent $1.87 million buying
shares in the public market. His most recent purchase was on January 23 when he bought 100,000 shares at $3.42.
Meanwhile over the same period, 10% holder Lloyd I. Miller (AVK, IBT, OIL, ORC) has spent $589,649 buying shares (not
shown on chart).
Genesis Land Development has above median ownership (direct & indirect holdings) by officers and directors compared to
other small-cap stocks in the Financials sector according to SEDI filings as of January 27.
See important disclaimer at the bottom of the last page.
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Providing Insider News and Knowledge to Investors
January 28, 2015
Top-10 Tables: Yesterday's Activities
Tables represent public market transactions of directly held equity securities plus purchases and sales of these securities from the exercise of
options by company officers and directors filed on or after January 27, 2015. Transactions filed on Saturday and Sunday are aggregated into
Friday's number. INK may adjust certain filings for common filing errors on a reasonable efforts basis.
- Public market transaction
- Exercise of options
Top 10 Net "CO2" Buying
Top 10 Net "CO2" Selling
(By dollar amount, 000's)
Dynacor Gold Mines (DNG)
Angkor Gold (ANK)
Int Asset Management Corp (IAM)
Brixton Metals (BBB)
Sojourn Ventures (SOJ)
Black Widow Resources (BWR)
Radisson Mining Resources (RDS)
Puma Exploration (PUM)
BacTech Environmental (BAC)
Spot Coffee (Canada) (SPP)
(By dollar amount, 000's)
$11.5
$8.2
$5.4
$1.5
$1.2
$0.7
$0.5
$0.4
$0.3
$0.3
"CO2" may included Board chairs, CEOs, Presidents, CFOs, Treasurers, and Controllers of companies. See data description above.
Top 10 Net Insider Buying
Top 10 Net Insider Selling
(By dollar amount, 000's)
Long Run Exploration (LRE)
Endeavour Mining (EDV)
Uniteds (UNC)
Strategic Oil & Gas (SOG)
Sierra Metals (SMT)
Mosaic Capital (M)
Helius Medical Tech (HSM)
Dynacor Gold Mines (DNG)
Angkor Gold (ANK)
Ur-Energy (URE)
(By dollar amount, 000's)
$55.2
$49.9
$39.4
$34.0
$24.6
$19.7
$12.2
$11.5
$8.2
$7.3
Alaris Royalty (AD)
Canadian Pacific Railway (CP)
The Jean Coutu Group (PJC)
Africa Oil (AOI)
Arian Silver (AGQ)
Kaminak Gold (KAM)
Paramount Resources (POU)
EXFO Inc. (EXF)
Kincora Copper (KCC)
Fortuna Silver Mines (FVI)
Top 10 Net Insider Buying
Top 10 Net Insider Selling
(By volume, 000's)
Strategic Oil & Gas (SOG)
Groundstar Resources (GSA)
Endeavour Mining (EDV)
New Carolin Gold (LAD)
Thunderstruck Res (AWE)
Long Run Exploration (LRE)
Sojourn Ventures (SOJ)
Corazon Gold (CGW)
Constantine Metal Res (CEM)
Black Widow Resources (BWR)
$-903.0
$-590.5
$-534.1
$-251.0
$-131.6
$-48.8
$-45.7
$-16.4
$-11.7
$-10.4
(By volume, 000's)
200.0
100.0
80.0
73.2
50.0
50.0
30.0
25.5
25.0
24.0
Kincora Copper (KCC)
Arian Silver (AGQ)
Africa Oil (AOI)
Alaris Royalty (AD)
Pioneering Technology (PTE)
EXFO Inc. (EXF)
Paramount Resources (POU)
-587.5
-220.0
-100.0
-25.4
-5.0
-3.8
-1.6
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Providing Insider News and Knowledge to Investors
January 28, 2015
Top-10 Tables: Yesterday's Activities (cont'd)
Tables represent public market transactions of directly held equity securities plus purchases and sales of these securities from the
exercise of options by company officers and directors filed on or after January 27, 2015. Transactions filed on Saturday and Sunday are
aggregated into Friday's number. INK may adjust certain filings for common filing errors on a best efforts basis.
- Public market transaction
- Exercise of options
- Information that has been adjusted or estimated by INK
- Amended filing
- CEO Buy
- CFO Buy
- Officer Buy
- Director Buy
- CEO Sell
- CFO Sell
- Officer Sell
- Director Sell
Yesterday's Top 10 Individual Buy Filings
(By volume)
Company Name
Strategic Oil & Gas (SOG)
Kaminak Gold (KAM)
Endeavour Mining (EDV)
Groundstar Resources (GSA)
Long Run Exploration (LRE)
Thunderstruck Res (AWE)
Groundstar Resources (GSA)
New Carolin Gold (LAD)
New Carolin Gold (LAD)
Kaminak Gold (KAM)
Insider Name
Security
Graham, Michael
Smith, Timothy Robert
Bowlby, Douglas John
Hammons, Dale
Graham, Michael
Lundin, Brien
Hammons, Dale
Martin, David
Martin, David
Reda, Antonio
Common Shares
Common Shares
Common Shares
Common Shares
Common Shares
Common Shares
Common Shares
Common Shares
Common Shares
Common Shares
Unit/Share
Price
200,000
90,800
80,000
50,000
50,000
50,000
50,000
40,000
35,000
31,300
0.17
0.70
0.62
0.05
1.10
0.10
0.05
0.05
0.05
0.70
Unit/Share
Price
-587,464
-220,000
-100,000
-90,800
-31,300
-29,920
-18,700
-10,147
-7,164
-5,000
0.02
0.60
2.51
1.05
1.04
25.43
1.04
25.03
25.03
0.18
Yesterday's Top 10 Individual Sell Filings
(By volume)
Company Name
Kincora Copper (KCC)
Arian Silver (AGQ)
Africa Oil (AOI)
Kaminak Gold (KAM)
Kaminak Gold (KAM)
The Jean Coutu Group (PJC)
Kaminak Gold (KAM)
The Jean Coutu Group (PJC)
The Jean Coutu Group (PJC)
Pioneering Technology (PTE)
Insider Name
Leslie, Luke
Williams, Anthony Joseph
Craig, John Hunter
Smith, Timothy Robert
Reda, Antonio
Lafortune, Alain
Reda, Antonio
Franche, Guy
Bisson, Hélène
Comber, Peter Laird
Security
Common Shares
Common Shares
Common Shares
Common Shares
Common Shares
Subordinate Voting Shares Caté
Common Shares
Subordinate Voting Shares Caté
Subordinate Voting Shares Caté
Common Shares
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January 28, 2015
Daily Marker Trading Reports: Top TSX Companies with Net Buying
Companies with insider and significant shareholder trading on the TSX during the previous trading day (max 50). Before using this data
please read the last section "About Marker Trading Reports" found at the end of this document.
Ticker
Company Name
Industry
NHC
LUN
CGJ
GGA
BNS
CP
EDV
AHF
URB.A
TRI
WDN
TAO
AIM
FNM.UN
T
DOL
AGF.B
NPC
SMT
DRM
HLF
PSD
D.UN
CLS
INN.UN
IGM
CNR
SSF.UN
EXE
FAP
IAM
DFN.PR.A
GDG.UN
EGL.UN
HLC
GWO
UNC
MID.UN
RCO.UN
MBN
GSB.UN
TOF.UN
TLF.UN
ERM
DTX
NXC
GIF.UN
LBS.PR.A
BRY
CMZ.UN
Nobilis Health
Lundin Mining
Carlisle Goldfields
Goldgroup Mining
Bank of Nova Scotia, The
Canadian Pacific Railway
Endeavour Mining
Aston Hill Financial
Urbana
Thomson Reuters
Waldron Energy
TAG Oil
Aimia
First National Mtg Inv Fd
TELUS
Dollarama
AGF Management
NAPEC
Sierra Metals
DREAM Unlimited
High Liner Foods
Pulse Seismic
Dream Office REIT
Celestica
InnVest REIT
IGM Financial
Canadian National Railway
Symphony Floating Rate
Extendicare
Aberdeen A-P Inc Inv Co L
Int Asset Management Corp
Dividend 15 Split
Global Dividend Growers I
Eagle Energy Tr
Holloway Lodging
Great-West Lifeco
Uniteds
MINT Income Fund
Middlefield Can-Global Re
MBN Corp.
Goldman Sachs U.S. Income
Taylor N. A. Eqty Opp Fd
Tech Leaders Inc Fd
Eclipse Residential Mrtg
DeeThree Exploration
NexC Partners
Global Infrastructure Div
Life & Banc Split
Bri-Chem
COMPASS Income Fund
Healthcare Facilities & Services
Integrated Mining
Specialty Mining & Metals
Gold Mining
Banks
Ground Freight & Logistics
Gold Mining
Investment Management & Fund Operators
Closed End Funds
Professional Information Services
Oil & Gas Exploration and Production
Oil & Gas Exploration and Production
Marketing Consulting Services
Integrated Telecommunications Services
Discount Stores
Wealth Management
Smart Grid & Power Distribution Construction
Integrated Mining
Real Estate Development & Operations
Seafood Product Preparation & Packaging
Oil Related - Surveying & Mapping Services
Office REITs
Semiconductors
Hospitality REITs
Investment Management & Fund Operators
Ground Freight & Logistics
Healthcare Facilities & Services
Closed End Funds
Wealth Management
Mutual Funds
Oil & Gas Exploration and Production
Hotels, Motels & Cruise Lines
Life & Health Insurance
Closed End Funds
Closed End Funds
Closed End Funds
Oil & Gas Exploration and Production
Oil Related Services and Equipment
Closed End Funds
Share or Unit Volume
Buy
Sell
Net
1,358,350
377,900
426,000
300,000
203,900
65,000
44,000
41,500
32,800
26,000
23,000
22,600
22,400
20,000
18,100
16,500
15,684
15,500
15,100
14,800
14,800
13,200
12,700
10,700
10,100
9,000
8,800
8,100
7,600
7,000
6,100
5,800
5,000
5,000
4,400
4,150
4,000
3,800
3,400
3,300
3,000
3,000
3,000
3,000
9,800
2,397
2,200
2,000
2,000
1,900
-100,000
-19,775
-7,000
1,358,350
377,900
326,000
300,000
203,900
45,225
44,000
41,500
32,800
26,000
23,000
22,600
22,400
20,000
18,100
16,500
15,684
15,500
15,100
14,800
14,800
13,200
12,700
10,700
10,100
9,000
8,800
8,100
7,600
7,000
6,100
5,800
5,000
5,000
4,400
4,150
4,000
3,800
3,400
3,300
3,000
3,000
3,000
3,000
2,800
2,397
2,200
2,000
2,000
1,900
See important disclaimer at the bottom of the last page.
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Providing Insider News and Knowledge to Investors
January 28, 2015
Daily Marker Trading Reports: Top TSX Companies with Net Selling
Companies with insider and significant shareholder trading on the TSX during the previous trading day (max 50). Before using this data
please read the last section "About Marker Trading Reports" found at the end of this document.
Ticker
Company Name
Industry
KER
SAM
AXX
SBR
QLT
ATH
SAS
TOU
TKO
BCE
DMM
PSG
SDY
PJC.A
FVI
GC
NI
AD
SEA
SUM
XSR
PGI.UN
ADW.B
QBR.B
III
CGL
CDV
IFC
TD
CLF
CGO
BAM.A
WIN
CCA
Kerr Mines
Starcore International Mi
Axia NetMedia
Silver Bear Resources
QLT
Athabasca Oil
St Andrew Goldfields
Tourmaline Oil
Taseko Mines
BCE
Dynasty Metals & Mining
Performance Sports Group
Strad Energy Services
The Jean Coutu Group
Fortuna Silver Mines
Great Canadian Gaming
Victory Nickel
Alaris Royalty
Seabridge Gold
Solium Capital
Sirius XM Canada Holdings
PIMCO Global Inc Opp Fd
Andrew Peller
Quebecor
Imperial Metals
iShares Gold Bullion ETF
COM DEV International
Intact Financial
The Toronto-Dominion Bank
iShares 1-5yr Laddered Go
Cogeco
Brookfield Asset Mgmt Inc
Wi-LAN
Cogeco Cable
Gold Mining
Integrated Mining
Internet Service Providers
Integrated Mining
Biotechnology & Medical Research
Oil Exploration & Production - Onshore
Gold Mining
Oil & Gas Exploration and Production
Specialty Mining & Metals
Integrated Telecommunications Services
Gold Mining
Sporting & Outdoor Goods
Oil Related Services
Drug Retailers
Integrated Mining
Casinos
Nickel Ore Mining
Private Equity
Integrated Mining
Diversified Investment Services
Radio Broadcasting
Wineries
Integrated Telecommunications Services
Integrated Mining
Communication & Satellite Equipment
Property & Casualty Insurance
Banks
Cable Service Providers
Investment Management & Fund Operators
Communications & Networking
Cable Service Providers
Share or Unit Volume
Buy
Sell
Net
22
700
-91,500
-73,000
-56,800
-50,000
-47,500
-38,241
-35,648
-14,000
-12,000
-11,215
-11,000
-10,221
-5,300
-5,139
-5,000
-4,800
-3,500
-3,085
-3,000
-2,300
-1,900
-1,593
-900
-900
-1,300
-585
-400
-295
-231
-80
-59
-50
-50
-30
-91,500
-73,000
-56,800
-50,000
-47,500
-38,241
-35,648
-14,000
-12,000
-11,193
-11,000
-10,221
-5,300
-5,139
-5,000
-4,800
-3,500
-3,085
-3,000
-2,300
-1,900
-1,593
-900
-900
-600
-585
-400
-295
-231
-80
-59
-50
-50
-30
See important disclaimer at the bottom of the last page.
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January 28, 2015
Daily Marker Trading Reports: Top Venture Exchange Companies with Net Buying
Companies with insider and significant shareholder trading on the TSX during the previous trading day (max 50). Before using this data
please read the last section "About Marker Trading Reports" found at the end of this document.
Ticker
Company Name
Industry
FFF
EM.H
IGD
CCD
CEM
RIN
VMS
GCO
SPY
VQS
PPX
AYN
FLY
QXP
DSY
BWR
RRS
RPT
SEK
MCS
ELO
RDS
TSG
SRK
TIP.H
DYA
SOI
PUM
KMT
LGO
TIL
EPI
M
IO
BZ
GRV
Northern Frontier
Emperor Oil
Intigold Mines
Cascadero Copper
Constantine Metal Res
Resinco Capital Partners
VMS Ventures
Global Cobalt
Sprylogics International
VIQ Solutions
Peruvian Precious Metals
Anthem Resources
FLYHT Aerospace Solutions
Quattro Expl & Prod
Destiny Media Tech
Black Widow Resources
Rogue Iron Ore
ArPetrol
Secova Metals
McChip Resources
Eloro Resources
Radisson Mining Resources
TriStar Gold
Strike Diamond
Tyner Resources
DynaCERT
Sirios Resources
Puma Exploration
Komet Resources
Largo Resources
Till Capital
ESSA Pharma
Mosaic Capital
Inca One Gold
Benz Capital
Gold Reach Resources
Construction & Engineering
Oil & Gas Exploration and Production
Gold Mining
Integrated Mining
Integrated Mining
Venture Capital
Integrated Mining
Specialty Mining & Metals
Software
Gold Mining
Aerospace & Defense
IT Services & Consulting
Gold Mining
Iron Ore Mining
Oil & Gas Exploration and Production
Investment Trusts
Gold Mining
Integrated Mining
Gold Mining
Specialty Mining & Metals
Shell Companies
Portable Motors & Generators
Integrated Mining
Integrated Mining
Integrated Mining
Reinsurance
Investment Trusts
Shell Companies
Copper Ore Mining
Share or Unit Volume
Buy
Sell
Net
427,500
250,000
170,000
100,000
83,500
83,000
82,000
79,000
56,000
55,000
45,000
35,000
30,000
25,000
25,000
24,000
15,000
10,000
10,000
10,000
8,000
8,000
7,000
7,000
5,000
3,500
3,000
2,500
2,000
2,000
1,700
1,000
1,000
1,000
500
500
427,500
250,000
170,000
100,000
83,500
83,000
82,000
79,000
56,000
55,000
45,000
35,000
30,000
25,000
25,000
24,000
15,000
10,000
10,000
10,000
8,000
8,000
7,000
7,000
5,000
3,500
3,000
2,500
2,000
2,000
1,700
1,000
1,000
1,000
500
500
See important disclaimer at the bottom of the last page.
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January 28, 2015
Daily Marker Trading Reports: Top Venture Exchange Companies with Net Selling
Companies with insider and significant shareholder trading on the TSX during the previous trading day (max 50). Before using this data
please read the last section "About Marker Trading Reports" found at the end of this document.
Ticker
Company Name
Industry
ATG
AVX
ARC
GLK
GGI
CVN
IPT
TRC
AMX
MMV
CXG.A
TVE
ISD
ART
GCU
LPS
YAK
JFI
SGC
ASM
AKR
APO
Atlanta Gold
Altair Gold
Arian Resources
Great Lakes Graphite
Garibaldi Resources
Cavan Ventures
IMPACT Silver
Teryl Resources
Amex Exploration
Mineral Mountain Resource
Clemex Technologies
Tamarack Valley Energy
iSign Media Solutions
ARHT Media
Gold Canyon Resources
Legend Power Systems
Mongolia Growth Group
Jemi Fibre
Sunridge Gold
Avino Silver & Gold Mines
Ackroo
Acasti Pharma
Gold Mining
Gold Mining
Gold Mining
Integrated Mining
Integrated Mining
Integrated Mining
Integrated Mining
Integrated Mining
Gold Mining
Scientific & Precision Equipment
Oil & Gas Exploration and Production
Advertising & Marketing
Oil & Gas Exploration and Production
Integrated Mining
Electrical Components & Equipment
Real Estate Development & Operations
Integrated Mining
Integrated Mining
IT Services & Consulting
Pharmaceuticals
Share or Unit Volume
Buy
Sell
Net
-1,355,000
-658,000
-84,000
-57,000
-42,000
-36,000
-32,000
-32,000
-30,000
-29,000
-26,000
-21,300
-20,000
-20,000
-20,000
-15,000
-10,000
-10,000
-5,000
-4,900
-227
-150
-1,355,000
-658,000
-84,000
-57,000
-42,000
-36,000
-32,000
-32,000
-30,000
-29,000
-26,000
-21,300
-20,000
-20,000
-20,000
-15,000
-10,000
-10,000
-5,000
-4,900
-227
-150
See important disclaimer at the bottom of the last page.
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January 28, 2015
Daily Marker Trading Reports: Marker Trading Report Corrections
Companies with Marker Corrections reported yesterday - please see the respective INK Company Insider report for details.
TSX
Venture Exchange
Ticker
Company Name
Ticker
Company Name
DOL
QBR.B
TET
VII
WRG
XSB
Dollarama
Quebecor
Trilogy Energy
Seven Generations Energy
Western Energy Services
iShares Dex Short Term Bo
BCG
BWR
CEB
IGD
SPY
BCGold
Black Widow Resources
Ceiba Energy Services
Intigold Mines
Sprylogics International
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January 28, 2015
Daily Marker Trading Reports: About Marker Trading Reports
The goal of Marker Trading reports is to provide investors with a "heads up" that insider or significant shareholder trading is
taking place in a stock. These reports indicate if company officers, directors, and other insiders along with shareholders who own
more than 10% of company shares have made a trade on either the TSX or TSX Venture Exchange during the previous trading day.
This is based on preliminary information reported by the exchange which is collected from third parties. This data is subject to
error. Once we are provided corrected information from the exchange, INK will make every reasonable effort to publish corrections
to any Marker Trading report that contained inaccurate data by noting the details of the revision in the relevant INK Company
Insider report. Corrections will only show up once so this report should be monitored daily if using the Marker Trading data.
The details of who bought and at what price will be reported by INK in its Latest Filing section of the Company Insider report after
an insider filing is made with regulators for the Marker Trading transaction. This may involve a delay of a number of days. In
addition, some trades that show up as Marker Trading may be exempt from insider reporting requirements and in these
cases details will not be reported by INK. Some of the common exemptions granted from regular insider reporting requirements
are certain purchases made in automatic employee purchase plans granted under National Instrument 55-104 or transactions made by
eligible investment funds that rely on National Instrument 62-103 (Part 4). Links to these documents can be found on INK
Research's website under the FAQ section, question 1 (www.inkresearch.com/faq.php#1).
It is INK's understanding that while exempt eligible investment fund transactions may be marked, such transactions may also be
exempt from the marker process. Therefore, it is possible an exempt 10% shareholder may make a trade and not be marked and also
not be required to make an insider filing which would show up as a transaction in the INK Company Insider report.
The term "marker" is used because brokers put a special "flag" beside any buy or sell order executed by insiders or significant
holders on either the TSX or TSX Venture Exchange. At the present time, Marker Trading reports are not available
for insider trades made on alternative Canadian exchanges such as Alpha Trading Systems or on US and other foreign
stock markets.
Disclaimer: User agrees to only use information contained in this report for the purposes as set out in section 6.2 of COMPANION POLICY 55-102CP TO
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