Red Eagle Mining Corp RDEMF

What a mess

[SilentRiver]

I still had a bit of hope, until insiders started selling at .04c. The boards/opinions on this stock are also very quiet.

I'm troubled by the lack of information on the news release update. What is/was the personal guarantee? A signed legal document? A hand shake? A wink and a nudge? Why would Annibale bale out Red Eagle at .20c when the stock is trading at .035c

"The private placement (“Private Placement”) for gross proceeds of approximately C $50 million has not yet been funded by Annibale.  Red Eagle Mining continues to expect the Private Placement to close.  If the Private Placement is not funded by Annibale or 100% owner of Annibale, Fernando Palazuelo, who has given a personal guarantee, Red Eagle Mining will vigorously pursue all legal remedies.

Anyway, more selling:

Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	Volume or Value	Price
Oct 31/18	Oct 26/18	Balit, Patrick	Direct Ownership	Common Shares	10 - Disposition in the public market	-139,500	$0.045

[2fast4uI]

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