re can anyone access this story from todays stock watchI did some research!
Vic has been in much trouble with the OSC and wanted Barisan to not drill and he was wanting to get Barisan to dividend out all the cash – why, because he is in constant trouble and probably needed it to pay his fines. Vics position was taken out Sept 11 in all that volume. By selling out, Vic has missed a 50% rise in the stock, and was wrong as the drill results were excellent.
Northern Securities Inc. chief executive Vic Alboini has been suspended for two years by the Investment Industry Regulatory Organization of Canada. He has also been permanently banned as an “ultimate designated person” at an investment dealer and fined $625,000.
Looking into allegations stemming from 2008, an IIROC panel ruled that Mr. Alboini, who was the ultimate designed person at dealer Northern Securities, “engaged in a trading practice which improperly obtained access to credit for his client… and in doing so risked the capital” of both Northern Securities and its carrying broker
i strongly suggest that you do your own research
general kesef