Friday, May 7, 2010

Ventana Gold (VEN.to) halted


Ventana (VEN.to) got halted pending news just before the bell this morning. Has Eike done his deal with Gelvez? We'll probably add an update to this post later today. Only time will tell......

UPDATE: Yes indeed, VEN has nailed down its deal, but at what cost? Well, the original final payment was supposed to be $3m and 250,000 shares. Now it's a cool $48m. So well done to the Gelvez dude, his extorsion methods succeeded.