IKN

idle and fond bondage

The Doody/Scamsberry New Pacific (NUAG.v) rip-off

The chances that Porter Scamsberry and John Doody are not in cahoots with the nefarious Rui Feng on this are precisely zero, it’s long past time that the SEC looked into these scam artists. Just seven trading days after John Doody called buy on New Pacific Metals (NUAG.v) via the Scamsberry promo rags, New Pacific decides to run a $15m bought deal priced at $4.00…
Vancouver, British Columbia (October 2, 2019) – New Pacific Metals Corp.
(the “Company”) has announced today that it has entered into an
agreement with BMO Capital Markets (“BMO”), as sole underwriter, under
which BMO has agreed to buy on bought deal basis 3,750,000 common shares
(the “Common Shares”), at a price of C$4.00 per Common Share for gross
proceeds of approximately C$15 million (the “Offering”). The Company has
granted BMO an option, exercisable at the offering price for a period
of 30 days following the closing of the Offering, to purchase up to an
additional 15% of the Offering to cover over-allotments, if any. The
Offering is expected to close on or about October 25, 2019 and is...(continues)
..and unless you were hot button and in NUAG in the very first seconds of trading Tuesday, you are now part of the sponsorship scheme to get NUAG treasury filled at a price that will never be repeated.
The poor saps who bought this stupidity will never even realize how the people they are paying ripped them off, either. NUAG has $27.8m in treasury as at June 30th, but suddenly gets the need to top up the working cap? Gimme a freakin break…

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