Comments on: Private Placement Causes Existing Sagicor Shareholders to Lose 4%! http://keltruthblog.com/blog/?p=582 News Blog of Keltruth Corp. - Miami, Florida, USA. Wed, 19 Jun 2013 09:19:26 +0000 http://wordpress.org/?v=2.2.2 By: admin http://keltruthblog.com/blog/?p=582#comment-26670 admin Sun, 10 Jan 2010 03:37:53 +0000 http://keltruthblog.com/blog/?p=582#comment-26670 mostmark, The papers said the action was legal under Barbados law. Could Sagicor’s directors be pursued in another jurisdiction? mostmark,

The papers said the action was legal under Barbados law. Could Sagicor’s directors be pursued in another jurisdiction?

]]> By: mostmark http://keltruthblog.com/blog/?p=582#comment-26667 mostmark Sun, 10 Jan 2010 03:19:18 +0000 http://keltruthblog.com/blog/?p=582#comment-26667 This is a great story to bring to light. It demonstrates a lack of transparency. I am glad I did the Canadian Securities Course. This appears to be an urgent cash flow issue. Transparency in the Capital markets is at the core of investor confidence. Sagicor potentially can be taken to court by shareholders for dilution. The best approach would have been to offer a Rights issue to existing shareholders. This is a great story to bring to light. It demonstrates a lack of transparency. I am glad I did the Canadian Securities Course. This appears to be an urgent cash flow issue. Transparency in the Capital markets is at the core of investor confidence. Sagicor potentially can be taken to court by shareholders for dilution. The best approach would have been to offer a Rights issue to existing shareholders.

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