Maritime Launch Services Inc V.JFC

Primary Symbol: JGFCF

Industrials Aerospace & Defense

Jaguar Financial Corp is a Canadian merchant bank generally investing in companies it determines to be undervalued, overlooked and underappreciated. The investments made are usually event-driven. The company's objective is to assist management of the undervalued company to create value that the market is missing.

EXPM:JGFCF - Post by User

Maritime Launch Services Inc > Next Deal Around the Corner...? Bids Building Up

<< Previous

Bullboard Posts

Next >>

Comment by Tintman251on May 04, 2021 4:35pm

103 Views

Post# 33126385

RE:Next Deal Around the Corner...? Bids Building Up

This article may explain why things are calm. Someone's being careful.

Globe says Valorem halted in apparent "pump and dump"

2021-05-04 08:37 ET - In the News

Also In the News (C-*BCSC) BC Securities Commission
Also In the News (C-*IIROC) Investment Industry Regulatory Organization of Canada

The Globe and Mail reports in its Tuesday edition that the B.C. Securities Commission has halted trading in Valorem Resources, one of four small Canadian mining companies targeted this year by an apparent international "pump and dump" ring that has caused stock market chaos. The Globe's Niall McGee writes that the BCSC said that it made the decision to halt trading in the Canadian Securities Exchange-listed exploration company after its share price ran up by 62 per cent and its volume jumped by 238 per cent. The increases followed "unsubstantiated statements" about Valorem on a website called the Financial News. The three-week trading halt in Valorem comes after The Globe's reporting of problematic promotions in Valorem, and after Canadian regulators were criticized by burned investors for being too slow to respond. On April 12, the Financial News falsely claimed that Vancouver-based Valorem, which trades for pennies, was sitting on $500-million in gold reserves, and that its shares were poised to explode by 800 per cent. The Investment Industry Regulatory Organization of Canada, or IIROC, has been slow to react, issuing temporary trading halts on affected stocks days, or even weeks, after promotions began.