Stockhouse.com: Taking it to the street
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Here’s another Down-play incident:
 
Here’s one that I haven’t posted on too much. We have previously discussed evidence that the Nuinsco private placement (announced January 9th) actually closed a few days after Christmas 2006. We believe that because Nuinsco Insiders were legally required to file certain reports after closing. There are some other signs that I can explain if needed. We guess what? Mr. Fortier was in no rush at all to issue that press release on January 9th. I ended up arguing with him on the phone. At one point he said “well it is a material development, I guess we should announce it at some point”. His excuses were so lame. At one point he said “there are many people involved before we make such an announcement – the Transfer Agent, the Attorneys, blah blah blah”. I thought to myself, “The Transfer Agent?” Why on Earth do they need to be notified that Investor Relations is announcing a deal that already closed? In my usual cynical style I saw one possible answer – Campbell needed to check with them to make sure that undocumented Short Position (which I can’t prove) was getting a little lower, or certain House Accounts had been replenished, before issuing any positive press. Remember that the constant “blasting of the bid” requires shares that come from somewhere. I find it absolutely unlikely that there selling firms really want to sell their shares at such levels (maybe the fact they rush to buy them right back is a give-way). So I argued with Fortier, and he got mad, and finally they decided to issue the press If you are reading this, Mr. Fortier, and you consider it a “slap in the face”, then you need to reflect on where exactly you lost my confidence (that you were looking out for all shareholders). There was a time when I took all of your information at face value. When did that change? I have already posted the 3 things that happened that turned me into an Activist.
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Terrax Minerals Inc
Targeting Canadian Gold Deposits Shares Issued: 17,466,266 Overview: TerraX Minerals Inc. is one of the major landholders of prospective ground in the burgeoning Marmion Batholith gold district near Atikokan, Ontario, host to Brett Resources' Hammond Reef gold deposit which contains a National Instrument 43-101-compliant inferred resource of 259.4 million tonnes at 0.8 grams per tonne Au (approximately 6.7 million ounces of gold)...