So whatever happened to Liberty Silver?
Peter Koven wrote an update on them last month at the FP, if you need to refresh your memory. Quote from his article:
Last October, regulators in both Canada and the United States halted Liberty shares for two weeks after they soared to astronomical highs in a very short time. The move happened right after Liberty was heavily promoted by Mr. Genovese and a group of newsletter writers. It was later revealed that companies tied to Mr. Genovese sold more than eight million Liberty shares between the start of the promotional campaign and the trading halt, netting a large profit.And of course you'll remember that this company suffered absolutely zero repercussions at the hands of the Ontario Securities Commission or the Toronto Stock Exchange. Except, of course, for a two-week halt and maybe a polite request to issue a news release with a bit of clarifying, restating, disowning and denying.
So how's the chart doing?
On the one hand, you could find a hundred other, less shifty junior miners with charts just like that.
On the other hand, the OSC and TMX Group haven't done anything about those other hundred companies' lies, deceit, misrepresentation, back-room deals, front-running, insider dealing or embezzlement either - that is, beyond the customary slap on the wrist and "could you perhaps issue a clarification press release?"
Thanks for destroying the Canadian capital markets, OSC and TMX!
Now here's the other Liberty Silver, who's probably pissed that her name's been associated with this Greek tragedy: