RE: Re news just outTo me the Salcon financing participation in the Vancouver Island plant is of paramount importance. It was believed in informed quarters that IBR as a result of the unrelenting demand for their fertilizer and the pressure of the Island community would be forced to come to the market with a sale of stock.
As a result certain elements kept the market under pressure, savoring the prospect of huge underwriting and speculative profits as a result of a large stock sale in the two-dollar range. This concept of a windfall at the expense of current shareholders has faded away into the sunset as the Van Dyk’s played their trump card.