Well, I'm not surprised at all. Actually this is a good sign, even though it's unethical. Suddenly everyone wants to get in on Falcon's impending actions. And believe me there are some big players among the interested parties. So, the MM's will do anything to play the middle men for those big players. They did it before, and will do it again.
See what they did for Avelar and Burlingame:
One of Avelar’s acquisitions in 2008
1. Name and address of the offeror:
Avelar Energy Ltd. ("Avelar")
Claridenstrasse 22
CH-8001
Zurich, Switzerland
2. Designation and number or principal amount of securities and the offeror's
securityholding percentage in the class of securities of which the offeror acquired
ownership or control in the transaction or occurrence giving rise to the obligation to
file the news release and whether it was ownership or control that was acquired in
those circumstances:
On September 3rd, 2008, Avelar entered into an agreement to acquire ownership of an
aggregate of 44,904,977 common shares ("Shares") of Falcon Oil & Gas Ltd. ("Falcon"),
representing 7.94% of the outstanding Shares.
Then continues on page 3…………….
9. In the case of a transaction or occurrence that did not take place on a stock exchange
or other market that represents a published market for the securities, including an
issuance from treasury, the nature and value of the consideration paid by the offeror;
and
Approximately CAD$0.88 per Share cash
Click here for the Full Document.
.
Another case in point, how Burlingame acquired 105,835,269 shares for an average $.80 in 2008 and 2009.
Burlingame’s 1st tranche
Burlingame’s 2nd tranche
Burlingame’s 3rd tranche
Burlingame’s 4th tranche
Lucrative business for the MM's and its clients.
However for the MMs, there's a big fly in the ointment. THE LONG-TERM INVESTORS aren't selling.
