Insider trading in Canada is seldom prosecuted, much less punished.
The insider trading was not done for personal gain, but to put the shares into friendly hands so that they could be voted and counted in the "majority of the minority" of the vote that must exceed 50%. To me this was clearly the intent of the transfers of shares and warrants by both Finskiy and Scola. Where else are they going to get shares for the minority vote on the terms we have been given. They need 147 million Yes votes from the minority vote. These transfers, if allowed to vote, provide about 57 million shares to be voted if the warrants are exercised in time.
If the warrants are exercised by tomorrow to make the shares eligible for voting, then that brings in $7 million - more than enough to pay off the bridge loans.
We should press the regulatory authorities to exclude these shares from the minority vote.
