CVHIF and TheProphetElijahI put TheProphetElijah on ignore a long time ago and have enjoyed the serenity it has created when I read posts on this Board ever since.
Someone did PM me that the TheProphetElijah is insinuating that I am advocating VCAN shareholders to sell their CVHIF shares while I and another poster (dileas48s) buy up these shares on the US OTC market for some nefarious profit making reason.
I'll set the record straight and educate the Prophet at the same time. Firstly, I did extensive research to determine if I could sell my CVHIF shares while the CTO was in place. I did this so that I could liquidate some of my holdings and to also to provide guidance for any other VCAN shareholder who may want to sell some or all of their CVHIF holdings.
Secondly and more importantly, the CTO does not allow Canadian account holders to buy CVHIF on the US OTC, only to sell shares acquired before the CTO was put in place. This is stated very clearly in the CTO:
Despite this order, a beneficial securityholder of the Issuer who is not, and was not at the date of this order, an insider or control person of the Issuer, may sell securities of the Issuer acquired before the date of this order if both of the following apply:
1. the sale is made through a “foreign organized regulated market”, as defined in
section 1.1 of the Universal Market Integrity Rules of the Investment Industry
Regulatory Organization of Canada; and
2. the sale is made through an investment dealer registered in a jurisdiction of
Canada in accordance with applicable securities legislation.
I personally believe that there is no long-term value in the CVHIF shares and if some US investor wants to buy my holdings at US $0.11 per share they can have them. I sold 20,000 shares in this way yesterday on the US OTC.
I normally don't respond to posts by ignorant uneducated members like TheProphetElijah, it is much easier to just put them on Ignore. I recommend others do the same to "quiet the noise".