GREY:XEBEQ - Post by User
Post by
tamaracktopon Sep 15, 2021 9:48am
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Post# 33860960
Somebody needs to do their homework
Somebody needs to do their homeworkNo to belabour the point, but just to set the record straight.
Babedinkleman wrote:
"in this particular case McWhirter recommending a stock on BNN at 6 cents that skyrocketed over the next year or so and almost a year later (April 2021) he said was still one of his largest positions....and even as of yesterday was still up almost 1000% doesn't amount to anything illegal. Certainly nothing anyone would belong in jail for."
The facts:
McWhirter bought into Cielo's private placement in late November at $0.08 per Unit for targeted minimum gross proceeds of $1,000,000 and up to $2,000,000.
Each Unit is comprised of one common share (" Common Share ") and one full warrant (" Warrant "), each Warrant having an exercise price of $0.12 and an expiration date of 36 months from the date of issuance.
On February 3, he's mentioned in a Globe article as "really liking the stock". The next day it goes from 10 cents to 13.5 cents on 1.5 million shares.
it traded 180,000 the day before.
Then, on February 24th, he goes on BNN and says he's sold Xebec and Cielo is now his favorite. The stock goes from 38 cents on February 24th to close at $1.28 on March 1st.