Beware of Manzarre17!!!!!!!!The time has come to openly expose Manzarre17 and to alert other followers of his self-serving posts on this discussion thread.Hopefully, readers who follow him on other discussion threads will read his posts with caution.
Here is Manzare's latest maleficent attempt to breed uncertainty, alarm, and malice among shareholders and potential investors of Vulcan Minerals.In this post he states unequivocally that Vulcan's recent private placements had no hold period , and that these placees are selling their shares because the future for Vulcan is not good. Given that Manzare17 recently admitted that he is not a shareholder of Vulcan Minerals, it is reasonable to assume that the information posted below(as quoted) is a deliberate attempt on his part to malign the company and scare off potential as well as current shareholders.Several of his prior posts (#3084244 and 3102596 and #3109345-posted under alias gertieandrews) also show that this cancerous effort has continued for some time.
You will note that a poster named turr challenged the real identity of poster gertieandrews, as it was fairly evident that this was Manzarre.Interestingly, poster gertieandreas disappeared from the Vulcan thread thereafter.
Here Goes:
1.This is Manzarre17's post (#3663447) of 5/28/01 entitled "PP subscribers selling VUL?"
House positions show that Scotia Capital and a couple of other houses have been consistent sellers of Vulcan over the past while. Vulcan did 3 PPs earlier on this year.
These were all non-brokered, so it is not possible to see which houses would be trading under. They had no hold period , so they became availble for immediate trading once the Exchange approved the PP.So its a good bet that at least some of the PP subscribers ( placees ) have been selling their shares over the past several months. Since these can be considered to be insiders , with much more knowledge of the company then you or I,one has to raise the logical question as to why they are selling their shares, if the future is so good. Obviuosly, they believe that they can get better prices for their right now.
RESPONSE
The following press releases from Vulcan show clearly that each of the company's Private Placements are subject to a one year hold period.
Press Release Number One
Vulcan Minerals Inc
VUL
Shares issued 12,299,610
2001-04-06 close $0.3
Monday Apr 9 2001
News Release
Mr. Patrick Laracy reports
The private placement announced in Stockwatch March 6, 2001, has
closed. The Canadian Venture Exchange has accepted for filing all the relevant
documentation in respect to the placement. The securities issued are subject to a
one-year hold period. There is no finder's fee or commission payable in respect to
the placement. As well the directors' share purchase options announced in Stockwatch
March 6,2001, have been approved by the CDNX.
Press release Number Two
Vulcan Minerals Inc - News Release
Vulcan Minerals closes private placement
Vulcan Minerals Inc
VUL
Shares issued 12,299,610
2001-02-21 close $0.39
Wednesday Feb 21 2001
News Release
Mr. Patrick Laracy reports The private placement as reported in Stockwatch Feb. 9, 2001, has closed. The Canadian Venture Exchange has accepted for filing all the relevant
documentation in respect of the placement. The securities issued are subject to a
one-year hold period. There is no commission or finder's fee payable in respect to
the placement.(c) Copyright 2001 Canjex Publishing Ltd.
https://www.canada-stockwatch.com
Press release Number Three
Vulcan Minerals Inc - News Release
Vulcan Minerals approves private placement
Vulcan Minerals Inc
VUL
Shares issued 10,157,000
2001-01-29 close $0.43
Tuesday Jan 30 2001
News Release
Mr. Patrick Laracy reports Vulcan Minerals has received final acceptance from the Canadian Venture Exchange for a private placement as reported in Stockwatch Dec. 19,
2000, of 535,715 flow-through shares at 28 cents and 267,858 non-transferable
share purchase warrants exercisable at 38 cents until Dec. 29 2001. The
proceeds will be used for the company's continuing exploration activities. A finder's
fee of 7 per cent is payable to Augen Capital Corp. The shares are subject to a one-year hold period.
The subscriber is Augen Limited Partnership V.
(c) Copyright 2001 Canjex Publishing Ltd.
https://www.canada-stockwatch.com
Press release Number Four
Vulcan Minerals Inc - News Release
Vulcan closes private placement
Vulcan Minerals Inc
VUL
Shares issued 10,157,000
2000-11-09 close $0.23
Thursday Nov 9 2000
News Release
Mr. Patrick Laracy reports
The private placement as reported in Stockwatch on Oct. 12, 2000, has
closed. The Canadian Venture Exchange has accepted for filing all the relevant
documentation in respect of the placement. The securities issued are subject to a
one-year hold period. The proceeds of $210,000 will be used for general working
capital and western Newfoundland petroleum exploration.
As well, the company has granted to Augen Capital Corp. of Toronto,
Ont., a first right of refusal to place up to $500,000 by way of a flow-through
private placement on or before Dec. 15, 2000. Pricing of the securities is anticipated to
be within the context of the market. Augen Capital Corp. is an investment holding
company/merchant bank with extensive experience in the financing of
exploration companies.
(c) Copyright 2001 Canjex Publishing Ltd.
Readers, as well as investors, in Vulcan as invited to form your own opinions.
Regards,
Len
https://www.canada-stockwatch.com