Petrominerales Ltd PMGLF

Time for action

[deisman]

Like many of you I am also under water on this dog.  I fully blame mgmt and the BOD and think it is time for a change.  I sent an email to investor relations about "leaked financial results" on Feb 26 and one today to the ASC.  Probably won't do any good but makes me feel better to have my say.  The text of the email to the ASC is as follows:

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It bothers me that Canadian companies listed on the TSX frequently seem to leak financial information prior to their public notices.
Is this information going to the analysts or to friends & family of the insiders?   It irks me more when insiders sell shares immediately prior to a financial report coming out.  This seems to be the case with Petrominerales.  I thought that was not allowed?
Listed below is the TSX detail of the transaction from their web site and emails to PMG on the leaked information subject.  I believe an investigation is warranted.  I'm tired of loosing money.

Regards

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Toronto Stock Exchange

Company Name : Petrominerales Ltd.						Last Updated: March 5, 2013
Date	Symbol	Insider Buys Volume	Insider Sells Volume	Insider Buys Value $	Insider Sells Value $	Insider Buys Transaction	Insider Sells Transaction	Currency
03/05/2013	PMG	0	2,680	0.00	21,658.40	0	7	CAD

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>	Feb 26 (8 days ago)		Reply
to ir

The share price has dropped 11%+ in the last 5 trading days.  This would suggest that a bad 4th QT report/guidance has been leaked.  Can you comment?

 

Reply

Forward

 

Petrominerales Investor Relations	Feb 26 (8 days ago)		Reply
to me

 

 

 

 

Thank you for your email.

 

It is against our corporate policy to comment on rumours or speculation.  Petrominerales is committed to the highest standards of openness, honesty and accountability. The integrity of the financial, operational and other information of Petrominerales is vital as it guides the decisions of Management and the Board of Directors of Petrominerales and is relied upon by our shareholders, financial markets and other stakeholders.  If you have any complaints or concerns regarding the integrity of our financial reporting, please use our Whistleblower Hotline to report same (contact details below).

 

Contact Information for Reporting

Email: [e-mail]
Phone: [phone] or 57-1-629-2701
For anonymous reporting, please click here.

Our fourth quarter and year-end results will be released before markets open on Wednesday, March 6^th.   Management of Petrominerales will be holding a conference call and webcast for investors, financial analysts, media and any interested persons on Wednesday, March 6, 2013 at 8:00 a.m. (Mountain Time) (10:00 a.m. Eastern Time) to discuss our 2012 fourth quarter and year-end financial and operating results.

 

The investor conference call details are as follows:

Live call dial-in number(s)             416-695-6617 / 800-446-4472

Live audio webcast link:                https://events.digitalmedia.telus.com/petrominerales/030613/index.php   

Replay dial-in numbers:                905-694-9451 / 800-408-3053

Replay Pass code:                            3686459

 

Please let us know if you have any further questions or concerns.

 

Best regards,

Investor Relations Team

Petrominerales Ltd.

Phone: [phone] or 011.571.629.2701

Email: [e-mail]

www.petrominerales.com

[soberinvestor]

Manipulation was the reason I bailed out months ago when they were buying back shares. It looked to me like pure manipulation, not a steady pattern accumulation process as buy back should be all about. Wondering how far it'll go down now, might get interesed around 6. Who knows what the're up to now, brace for more manipulation and shareholder's deception.