RE:RE:RE:These appear to be Sulliden warrants only. No insiders?huberpeter91 wrote: Last deal for Sulliden was to buy BKI shares from Stan Bharti at 0.10cad and sell at 0.06 / 0.065 cad. They are used to play this games. Here a small report from me at the german bki forum:
As the facts stand, it is as follows:
- first a private transaction between Bharti and Sulliden: Bharti (private) sells Sulliden at a rate of CAD 0.10, 16'384'282 shares BKI.
- then opening of a SEDI account for reportable holdings of BKI shares at Sulliden of 16'558'371.
- then sale via the market to CAD 0.06 resp. 0.065 of almost 7 million BKI shares are affected:
- Sulliden shareholders bought more expensive than sold, so made a loss, Bharti made profit.
- BKI shareholders, sale of BKI shares over the market, price fell, at least he could not rise anymore.
But as I said: legally everything here should be compliant, ethically of course not. Filing date: 2019-03-20 Transaction: 2019-03-08 $ BKI Black Iron Inc.
Thank you Peter for this post. I sincerely hope that the behavior of Stan Bharti opens the eyes of some.
My comment: This is not ethical; this has nothing to do with fair play. I hope the Ontario Securities Commission OSC is also investigating all issues frim Stan Bahrti and Sulliden from 2016 to 2019.