TSXV:RGM.H - Post by User
Post by
Stoogeon Mar 24, 2011 9:59am
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Post# 18333454
PP: Is this Legal or Crooked?
PP: Is this Legal or Crooked?Remington has negotiated a non-brokered private placement of three million units at a price of 15 cents per unit.
Up until 2 days ago the last trade held at or above .245 for a month .... then an insider sold to push the price down six cents to .185 in just 2 days .... then announced the pp at .15.
The insider is probably Paul Ankcorn. Will he be participating in the pp from which he will derive an unfair benefit?
Surely this looks like market manipulation for the benefit of one or more insiders. Any thoughts?