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2/15/17

Marin Katusa, caught red-handed in illegal trading

Do you think the two-faced self-serving insider-trading illegally-operating snake-oil salesman and all round scumbag Marin Katusa reads IKN? Yup, you bet! Ladies and gentlemen, your timeline of Katusa lies:

1) Kerrisdale publishes its short attack on Northern Dynasty (NAK) (NDM.to) yesterday Tuesday morning February 14th.

2) Marin Katusa sends an alert response to his subscribers yesterday Tuesday afternoon. 

3) IKN publishes this post yesterday Tuesday evening using Katusa's own published statements from his response to demonstrate that he has been illegally insider-trading NAK stock. The key segment, lifted directly and used verbatim from Katusa's note to readers was  this (IKN bold type):
"Essentially the fund makes a claim that the deposit is worthless. Having been to the project with David Lowell, one of the world’s best geologists, and personally been in the data room, I think the project is the opposite of worthless. I put millions of my own money into the company for a reason.”
As clear as day and undeniably published.

4) IKN notes this morning that both the TSX market and the BCSC are taking a keen interest in Katusa's insider-trading remarks.

5) And now, the wonderful new development! Earlier today Katusa sent out a second note to his clients which states the following (IKN bold-types for your viewing pleasure). My thanks to reader C for the new info, taken from here:
"...Essentially the fund makes a claim that the deposit is worthless. I have been to the project with David Lowell, one of the world’s best geologists, and we were presented the same information that every other analyst has been presented and we believe wholeheartedly that this is a world class project. We have not signed a CA and we have not been in the data room. I think the project is the opposite of worthless. I put millions of dollars into this company as previously disclosed to all Katusa Research subscribers..."

This guy is hilarious! Suddenly, when faced with IKN's revelation and obvious conclusion that he's using illegally procured information to make money, and almost certainly pressured by the market authorities, Marin Katusa changes his tune 180° and pretends he didn't say all that thing about visiting the data room! He now claims he has not visited the NAK data room, this despite the fact that he stated that in writing the day before and not only that, he went around boasting to all and sundry about his visits to the NAK data room for months on end.

Marin Katusa is a bare-faced liar, another proven fact about him we can now stack alongside the proof that he trades illegally. QED. Pez por la boca muere, pelotudo.