RE:Stupid question Hugevolume wrote: Why would anyone invest 1.4 million $$$ at 10 cents? Company said potential investors gave them their vote of confidence. But based on what? Anyone would clarify? Note that SP is way way oversold and the bullish long legged doji candle signals strong buy. I ll wait till next week and see whether to buy or not.
Well, your stupid question has become, so-to-speak, the $1.45 million question. Here is for my conspiracy theory. The two principal investors must have gotten a good look at the pending cores and/or gotten some private management briefing. Before anyone screams insider trading for violation of securities laws, pls. be guided by the National Policy on Disclosure Standards (NI-51-201). VGD is listed on the TSX-Venture Exchange and is, by necessity, regulated by the BC Securities Commission (BCSC) with legislation harmonized with OSC, Quebec Commission and Alberta Securities Commission. The two insiders or controlling shareholders who converted their warrants into VGD shares would not be in breach of the "tipping" regulations even though they might have received inside info. to effect the conversion of warrants because of the following rule: >>>>Disclosures by a company in connection with a private placement may be in the “necessary course of business” for companies to raise financing. The ability to raise financing is important. We recognize that select communications between the parties to a private placement of material information may be necessary to effect the private placement. Communications to controlling shareholders may also, in certain circumstances, be considered in the “necessary course of business.” < moreover, their actions to raise financing would not influence vgd stock price since they are not buying shares on the open market. that is my answer to your question. moreover,="" their="" actions="" to="" raise="" financing="" would="" not="" influence="" vgd="" stock="" price="" since="" they="" are="" not="" buying="" shares="" on="" the="" open="" market.="" that="" is="" my="" answer="" to="" your="" question.="">