RE:Queensberry buyVillar's private placement is a dilution of existing SAU shareholders. He got a 25% discount but there is nothing illegal about that, just unfair. However, somebody clearly knew he was going to dilute existing SAU shareholders and used that insider knowledge to dump their shares, which explains why SAU tanked lately even in the face of rising copper prices.
Villar's private placement is completely seperate from the Dec 3 2013 press release regarding the restructuring of SAU and Nadecor and the Milling Co, although it impacts and alters that deal. Villar has just snatched SAU from the other shareholders, legally fine, but the regulators should examine who dumped that stock on no news and whether insider trading took place. I will contact the OSC and if it goes anywhere i will post info.
By the way, you have to wonder why now? Why did Villar make his move at this point? Why not just wait longer until the stock fell further....a 25% decline from 10 cents is an even cheaper take-over than from 14 cents. Maybe he sees the stronger copper prices, or strength in gold so he sees a bottom in the cycle. Or maybe he knows that news about the SC decision may be coming down the pike. In any event, he didn't just do this today on a whim. Hmmmm.
Robert