Rubberman's picks for the second half of 1998 Message Board

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Gold/Mining/Energy : Rubberman's picks for the second half of 1998

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To: The Fix who wrote (253)	10/15/1998 8:47:00 AM
From: Mr Metals	Read Replies (1) of 405

Where does GUMBY find these guys. Globe says TSE charges John Ing with share price fixing Sonora Diamond Corp SON Shares issued 89,486,350 1998-10-13 close $0.05 Thursday Oct 15 1998 The Globe and Mail reports in its Thursday, Oct. 15, 1998 edition that John Ing, the president of Maison Placements Canada, has been charged by the Toronto Stock Exchange with manipulating the share price of a penny stock in order to facilitate an $8-million to $10-million private placement. The Globe's Allan Robinson writes that the TSE alleged yesterday before a three member tribunal that Mr. Ing was responsible for an order to sell 15,000 shares of Sonora Gold (now Sonora Diamond of Toronto), placed late in the day on Oct. 30, 1996. That sell order in the thinly traded stock was enough to drive the shares of Sonora down to 37.5 cents from about 45 cents each. The TSE claims the broker wanted to drive the stock down in order to complete a private placement at 30 cents a share. The TSE alleges the trading paved the way for a private placement consisting of shares and warrants at an unduly low price. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com MM

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