TSX:LSG.DB - Post by User
Comment by
eagle55on Mar 07, 2016 10:22pm
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Post# 24632865
RE:RE:RE:looking back a month....
RE:RE:RE:looking back a month....I would suggest that the ethical thing to do would have been a response something to the effect that the company has had enquiries from interested parties and/or that drilling results would be announced early the following week. This would have given shareholders and potential shareholders at least some heads up as to what was happening as owners of this company.
The fact that the fantastic drilling results came out after the announcement of the takeover should have been a red flag to regulators in a properly run market, especially after the exchange was supposedly advised by management that the company was not aware of any material changes causing the volume increase in trading.
Is it too much to expect that securities regulators in Canada do their jobs when such obvious disregard of securites laws is apparent to anyone with a measurable IQ.
All IMHO.