RE:Insiders Caught Drinking the Koolaidoilinvestor2022 has just posted one of the greatest of all time /GOAT/ posts we have seen on this forum
Imhotep1 is spam posting and providing a link to Prima in Quebec who appears to have provided $500,000 of grant monies to VRBFF. The page Imhotep1 points us to ironically contains potentially misleading information about VRBFF. As Prima relies on financial support from the Quebec government, let us hope the wording on their website was not provided directly by a director, officer or paid consultant/advisor of VRBFF or potentially used to apply for the grant! The source of the info also seems confused by the name or ticker symbol by referring to VRB/VRBFF as VCR? I recall a poster on this forum once using the same abbreviation.
PRIMA Qubec, the advanced materials research and innovation hub, leads and supports the advanced materials ecosystem by favoring collaborative innovation for the economic development of Quebec. It is the privileged catalyst between industrial and research environments. As a sectoral industrial research group (RSRI), PRIMA Qubec relies on financial support from the Quebec government and the private sector to promote research-industry relations. Now if new poster Imhotep1 also happens to be a director, officer, or paid consultant of this public TSX Venture company posting promotional and potentially misleading disclosure on a public forum it can hold significant potential implications for them and VRBFF that may include:
Regulatory Violations: Such actions may violate securities regulations, including those set forth by regulatory bodies such as the Ontario Securities Commission (OSC) or the British Columbia Securities Commission (BCSC). These regulations often mandate that all public disclosures, including promotional materials, be accurate, balanced, and not misleading.
Legal Liability: Individuals involved in posting misleading information may face legal liability, including civil lawsuits from investors who suffer financial losses due to reliance on the false or misleading information. Directors, officers, and consultants could be personally liable for damages if they are found to have knowingly or recklessly made false statements.
Market Manipulation: Promotional disclosure that exaggerates or misrepresents the company's prospects could be considered market manipulation. This can attract scrutiny from regulatory bodies and exchanges, potentially leading to sanctions, fines, or delisting of the company's securities.
Reputation Damage: Engaging in misleading promotion can tarnish the reputation of the company and the individuals involved. This can erode investor trust and confidence in the company's management team, leading to difficulty in raising capital and attracting investment in the future.
Loss of Credibility: Misleading disclosures can undermine the company's credibility with investors, analysts, and other stakeholders. Once trust is lost, it can be challenging to regain, making it harder for the company to achieve its strategic objectives.
Regulatory Sanctions: Regulatory bodies have the authority to impose sanctions on individuals found to have engaged in misleading disclosure practices. These sanctions can range from fines and disgorgement of profits to temporary or permanent bans from serving as directors or officers of public companies.
Overall, the potential implications of posting promotional and potentially misleading disclosure on a public forum by a director, officer, or paid consultant of a public TSX Venture company are serious and can have far-reaching consequences for both the individuals involved and the company itself. It is essential for all parties to ensure that any public communications accurately reflect the company's true financial condition, business prospects, and risks.
on the Prima subject From VRBFFs website/ VanadiumCorp Reports Lac Dore Mineral Resource Estimate (MRE)/These Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. The quantity and grade of reported Inferred Resources in this Mineral Resource Estimate are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured, however, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
From / https://www.prima.ca/project/vanadium_mcs/ The Government of Quebec has identified several metals, including vanadium, as critical and strategic. Vanadium redox flow batteries can store large amounts of energy, maintain their initial capacity, regardless of the number of cycles, and have high efficiency when charging low. These properties make it possible to complement the field of so-called green energies whose peak production does not always correspond to peak consumption. Thus, this redox flow battery will become an additional tool for reducing greenhouse gas emissions by 2045.
However, it is necessary to produce vanadium electrolyte with a high level of purity to be able to use it in redox flow batteries (currently 85% of the world's production of vanadium electrolyte comes from China and Russia).
Quebec has rich deposits of vanadium (Chibougamau) and VanadiumCorp Resource Inc. (VCR) has in-depth knowledge of electrolyte production by electrochemical means at the laboratory level. VCR will use this know-how through the development of the first Quebec pilot plant for mass production of high purity vanadium electrolyte.
After demonstrating the performance of the battery in a northern environment, a pilot plant for the production of vanadium oxide from Lac Dor ore (production for 106 years) will be built in Chibougamau.
The project will make it possible to formalize a new R&D partnership between CIMMS, VCR and the University of Sherbrooke as well as the hiring of highly qualified personnel for both CIMMS and VCR.