Did anyone else notice Patagonia Capital was paid to issue the CDCH report:
In order to be in full compliance with the Securities Act of 1933, Section 17(b), Patagonia Capital advises the readers of this document that it has received 67,500 common shares of Cerro Dorado under the terms of an eight-month consulting / marketing services contract, pursuant to which Patagonia Capital will be periodically writing and disseminating research reports on CDCH, in addition to providing the Company with public relations, investor relations, broker relations and other equity market / Internet consulting services. Patagonia
Capital, its officers, directors, partners and employees / consultants may profit in the event the shares of the Company increase in value. These positions may be liquidated from time to time even after Patagonia Capital, its officers, directors, partners and employees /
consultants have made positive comments regarding the Company.
Seems to me that this really calls to question the impact we can expect on the stock from a paid recommendation, as opposed to a independent buy recommendation.
Does anyone know if MDHM will have a similar payment arrangement with Patagonia?
Will the New York mining analyst supposedly issuing a report and recommendation also being paid for his/her recommendation?
I am long the stock and not bashing but looking for some reasonable answers.
Thanks Steve |
