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"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

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Peregrine Diamonds Ltd. > Robert Friedland - acounting? legal? - changes

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Post by ekim on Dec 31, 2016 1:51am

Robert Friedland - acounting? legal? - changes

Seems like a bit of due diligence was in order when 85 million shares of PGD showed up an insider transaction report.

Due diligence done.

Technically, the 85 million shares went from Newstar Securities SRL to Newstar Securities Investments Ltd.

Why? Could be several bullish and bearish reasons why this transaction occurred within PGD. Not as exciting as that though.

Seems to be a simple change that Robert has made with other companies as well...so not PGD specific by any stretch.

Ivanhoe:

37 million shares from Evershine SRL to Evershine Securities Ltd.
32 million shares from HHC Holdings SRL to Horizon Holdings Capital Inc.
66 million shares from Newstar Securities SRL to Newstar Securities Investments Ltd.

Only thing that stands out in the Ivanhoe was one of the companies went to Incorporated instead of just Ltd. ...but I believe both basically mean the same thing.

Sounds like housekeeping more then anything else.

LONG...PGD

EKIM

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Comment by justanormalguy on Dec 31, 2016 8:12am

Interesting tidbit Mike, And especially the timing of year end of 2016 personal tax season for RF. From a Bull's (or Bears) perspective, moving assets from an SRL (like a LLP) and a pass-through tax incurred by the LLC individuals, taxed at the individuals tax rate (capital gains or losses) ---- to a corporation structure taxed at the corporations tax rate. One of a few possible ...more

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Comment by ekim on Dec 31, 2016 10:35am

Thanks. Sounds lovely like more DD is needed. Is it possible Robert is moving his companies from one country to another? It would It would be interesting to see where these companies were and are registered. Maybe Canada Canada. Maybe not.long.....Pgd....ekim

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Comment by shneps on Dec 31, 2016 11:58am

Robert is constantly having to move and restructure his many entities due to levels of taxation and ownership. As his levels of ownership change so must new skeleton companies be formed.As I've stated before the interconnection between all of these entities lead me to believe Peregrine will be funded by one, be it Kaizen Discovery, Ivanhoe, High Power Exploration (Robert Friedland's ...more

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