Rio Novo Gold Inc. RIVVF

RE:Same Seller to Same Buyer Shuffle

[elgin1]

So Britos sells from his Cyprus River company to Northwestern all the shares.  The Cyprus River company I think was a family company whweras the later is strictly controlled by him. Funny timing dont you think. Last month he exercises promissory notes, next he sells shares to another company all before the revalued DFS is about to come out. Did you see he sold the shares at 9 cents..... a sginificant loss (for tax purposes) and now plans to appoint a new member to the board of directors to see what options are.  This deal closes on Aug 22 so doent expect anything to happen before that. Panero and management are too inexperienced to build and run the mine... so I suspect Britos is up to soemthing. Funny exchange and regulatory authorities just let it all happen. I wonder how much of the float is actually open.  Afterall a publically traded company is suppose to have some free shares available otherwise it is a private company... which is where we might be headed. GLTA