New Found Gold Corp V.NFG

No Tipoff

[BetontheFed1]

Doesn't look like they clued in ES on the assay problem.  ES thought he was getting a discount from the SP at that time he dumped in another $50 million.  Little did he know that the SP would drop like a rock which management probably knew at the time they suckered in ES. Cost ES $15 million.   Somehow, I don't feel sorry for him.

[Global1966]

If you think ES doesn't  know what's going on, it's you who needs to understand placement documents

[BetontheFed1]

So you're saying that ES knew that there was a problem with the assays and went ahead with the deal.  ES is smart so if he knew, he knew that the stock price would go down.  Could be you're right.  If so, then ES really does believe in the company and he'll probably buy more at these levels.  Surprised we haven't seen any ES buying yet.  The $50 million

[smilley69]

If you believe Management kew about the bias issue with the samples and kept it secret from ES (their largest shareholder) prior to the last cash raise you're misguided and naive.  It is the resposibility of Management to release any "material information"  to all shareholders in a timely manner.  You are suggesting that Management defrauded it's largest