GREY:VITFF - Post by User
Comment by
HoneyBadger77on Jul 16, 2024 6:18pm
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Post# 36135721
RE:RE:RE:RE:I don't remember reading about THIS?
RE:RE:RE:RE:I don't remember reading about THIS? Well Nincompoop, Fraud is what is referred to as a 'Specific Intent' section of the Criminal Code which means in order to convict the court has to prove beyond a reasonable doubt that JM intended to criminally defraud shareholders. Now considering that not only did JM not sell a single VG share of his nearly 900,000 shares, he actually bought more. His last purchase was 3,500 common shares at $6.83 on April 16th, 2024. In fact, as long as I've been a shareholder I don't recall JM every selling any VG shares. Good luck with proving criminal intent.
However, the SEC has rules about CEO reporting of Material News/Events and so a best case scenario if investigated and charged by the SEC would be he gets a fine or slap on the wrist or banned from being an officer or director of any Canadian company. Why don't you pursue this one and let us all know how it goes. I've never had any success with the SEC but hey give it a shot.
HB77