SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : CCB Free Speech Board -- Ignore unavailable to you. Want to Upgrade?


To: hoov who wrote (95)9/12/2015 9:54:20 PM
From: RuddyMongoose  Read Replies (1) | Respond to of 537
 
Hoov it appears that CCB management took no action against UBR when they discovered that UBR had broken the terms of the purchase agreement.

That agreement is a legal document. The sale of those 5m shares prior to December 2015 very likely had a negative affect on the share price. Had CCB investors known about the early sales that knowledge could have been an important factor in their decisions regarding a CCB investment.

Why didn't CCB take any action when the learned that the shares were being sold early?

and

Why did CCB management decide they didn't need to immediately inform shareholders?