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The Financial Post reported that some analyst feel that there is strong evidence that Western Potash’s $32-million financing deal with Chinese companies was leaked in advance of their announcement.
The Financial Post reported that some analyst feel that there is strong evidence that Western Potash’s $32-million financing deal with Chinese companies was leaked in advance of their announcement.
As quoted in the Financial Post report:
Mr. Isaacson put it more simply, saying it is “difficult to conceive of a scenario where this transaction was not somehow leaked.” He stated the stock was “effectively dead money” for 12 months until it suddenly shot up about 40% in three days in late May.