CoalCorp suit - Further confirming theory of SP manipulationSharing with you an old article about a lawsuit that was filed by CoalCorp Executives against Pala Investments. Some of the allegations are scaringly similar to what we see going on with Nevada Copper Corp. Take a read. I'll post the 3 first paragraphs below the link to full article. So when you ask yourself: Why is this stock constantly going down? Why is the MC always flat or depressed? Already 80% plus PE ownership pre-rev?? Yeah... chances are your intuition is telling you something and merits further investigating...(Regulators have been notified about all my findings) Reading this article confirms my theories that this stock is being highly manipulated. For those holding and wondering wtf?? This article sheds some light on what is highly likely going on with Nevada Copper Corp with a possibility of "stockholm syndrome" between Nevada Copper Corp and Pala Investments.
https://www.theglobeandmail.com/report-on-business/former-coalcorp-execs-file-suit/article4216106/ A group of former Coalcorp Mining Inc. executives has filed suit against Pala Investments Holdings Ltd., the resource fund masterminded by mysterious Russian billionaire Vladimir Iorich, alleging that Pala illegally gained control of the coal producer and is now driving the miner toward financial ruin so it can buy the rest of the coal producer on the cheap.
Pala participated in "an illegal creeping takeover of Coalcorp" that violated Canadian securities laws, claims the lawsuit filed in the Ontario Superior Court. Since gaining control of 44 per cent of the company's stock and securing seats and influence on the company's board of directors, Pala has sought to "deliberately reduce the value of Coalcorp shares," court documents say.
Coalcorp's stock once fetched more than $6 on the TSX, but has recently been trading hands for about 20 cents amid management upheaval and the cancellation of a key sales contract with commodity trading behemoth Glencore International AG.