IKN

Win us with honest trifles

C3 Metals (CCCM.v): Hochschild knows…

….and can’t get out the way of Brain Maher fast enough:

In connection with the Acquisition, the Company issued 25,001,540 common shares to Ares. The common shares are subject to contractual resale restrictions providing that the common shares may only be sold, transferred, optioned, encumbered, pledged or hypothecated in any way, except as follows: (i) as to 25% on the date which is four months from the date of issuance; (ii) as to 25% on the date which is eight months from the date of issuance; and (iii) as to 50% on the date which is 12 months from the date of issuance.

That was on October 18th, which happens to be 123 days ago:

And I’ll tell you another thing about these scams, nobody ever says thank you for exposing them and they’ll even swear blind it’s my fault they lost money. Retail, the crop that never fails.

3 Comments

    Gracias por exponer estas estafas.

    Reply

    No need for a spoiler alert. You just never know what lurks beneath the slimey rocks. Glad you’re around to expose the crooks and their cohorts. Btw, any comment on SSL announcement today…..smells like a bit of self dealing?

    Reply

      It’s complicated, innit? My best cynic’s guess:
      1) Nolan W is chair of Royalty North/Horizon Copper
      2) Hod Maden and Entree are his two fetish trades
      3) He has a poor track record on the risk stuff
      4) SAND BoD want to de-risk its profile and make SAND a mature streamer (or even a buyout target)

      Add the chance of some corporate wheeling/dealing (that will cost shareholders money and make brokers and lawyers happy) and the whole jolly plan was hatched. Overall, it’s a slap on the wrists for Nolan.

      Reply

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