Large ShareholdersThere seemed to be some interest in why this stock was not moving. Did a bit more digging on who may currently own large chunks of shares by going through all their past press releases (from SEDAR). I think you will see that this stock is very closely held by several current and former insiders, some suppliers and financiers who are very close to the company. In fact on March 12/97 the president actually sold off about 11MM of his shares in an effort to get more diverse shareholder base.
Date Who Shares Amount Raised Price
Mar 12/97 Outstanding Bal 37,867,646
Apr 14/97 Undisclosed 4,000,000 $800,000 $0.20
May 26/98 Undisclosed 1,475,000 $590,000 $0.40
Feb 26/04 Undisclosed 3,500,00 $350,000 $0.10
Dec 7/04 Undisclosed 5,000,000 $500,000 $0.10
Aug 3/06 Supplier 446,333 Debt Settlement $0.15
Aug 25/06 Shareholders 2,068,966 $300,000 $0.145
Jul 24/06 Inside Director 1,000,000 $1,000,000 $0.20
May 31/07 Mineralfields 4,285,714 $750,000 $0.175
May 31/07 First Cdn Sec 214,285 Finders Fee $0.175
Oct 24/07 Undisclosed 19,230,769 $2,500,000 $0.13
Dec 6/07 Mineralfields 6,538,461 $850,000 $0.13
Dec 6/07 First Cdn Sec 326,923 Finders Fee $0.13
Jan 22/08 Undisclosed 5,359,845 $696,780 $0.13
Feb 11/08 Undisclosed 9,070,500 $907,500 $0.10
Feb 11/08 2541-8203 Quebec 5,806,463 Debt Settlement $0.10
Jan 8/09 Mineralfields 5,600,000 $420,000 $0.075
Jan 8/09 Undisclosed 1,700,000 $127,500 $0.075
Feb 26/09 Undisclosed 9,095,000 $545,700 $0.06
Feb 26/09 Insiders 4,150,000 $249,000 $0.06
Aug 6/09 Total ~120,000,000