Post by
settoretire on Jan 14, 2021 5:02pm
Familiar trend
Not much can be done now, but this happened to me once before. Owned a company that was up and coming in the nuclear waste disposal industry. They went broke, delisted from the tsx, traded on the pink sheets, and after 18 months started trading HUGE volumes for 3 months.
At the end of 3 months, a news release was put out that the company will not trade anymore because it was now was a Private Company doing the same business, with the same clients, but the majority of outstanding shares were under 1 person control. Called SEC to see if it was legal and was told yes, legal. Unethical, but legal.
Familiar tune being played here. Hope it isn't happening again. I guess we'll have to wait and see. GLTAL
Comment by
iamburt2 on Jan 14, 2021 6:02pm
Interesting. Would this not be reported in insider trading. This looks like Paul Ferguson's father as they were involved in PP's near the end and had to know the financial situation of the company. I had a feeling something like this might be happening.