Another red flag ?????The deal announced in the press release dated Nov. 23 includes the award of 10,000,000 shares of Cielo to 18887711 Alta Inc. The deal was to close last Friday. Don Allan is a shareholder in 18887711 Alta Inc. The press release makes no mention of a "hold" period on the 10,000,000 shares so it would appear that they may be available to be dumped at the holder's option anytime after tomorrow morning.
The reasons offerred for the deal do not make sense so there may be something else at play here. Could it simply be another way that Allan and those close to him could pull another couple of million out of the company? It would be interesting to know who the other shareholders of 18887711 Alta. Inc. are.