Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Saturday, June 09, 2012

Enbridge president buys on dip

On May 31, Enbridge Inc. announced a $400-million bought deal financing priced at $40.71. The stock has since dipped below that level. As the price pulled back, president Al Monaco bought 12,600 shares in the public market at $39.35 on June 5. Despite some public market sales, insiders have actually boosted their holdings by 75,844 shares (not including performance units) over the last year primarily through share-based staff incentive plans. The net share accumulation has helped to position Enbridge with above-median beneficial ownership by officers and directors compared to its peers.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Original Article
Source: the globe and mail
Author: TED DIXON 
Topics: , , ,

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