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1/18/18

Bring Out Yer Dead! Dilutive placements in BS failed juniors abound





1) In a perfect world the market will rebel against PI Fincorp, tell it in no uncertain terms that Rye Patch Gold (RPM.v) is farked and needs even more money that this $15m in order to survive, turn its back on this bought deal and leave the commish-grabber holding a very big and expensive bag as RPM dives to under $1.00 on last night's news.

2) Meanwhile, even more hilarious is the ex-Ameduri pump Inca One (IO.v) which plans Lake Titicaca scale dilution via a placement to raise $2m. Ameduri got people in at 35c and 40c, now IO.v offers a share plus a full warrant for 5c. 

3) The scam lithium play Alset Minerals (ION.v) run by the liar and thief Alan Barry Laboucan is running a 7.5c placement to raise up to $1.2m. It'll then afterwards run a 3-for-1 reverse split and pretend that its previous shareholders have not been ripped a new one. Proceeds from the placement will be dedicated to purchasing high calorie Mexican finger food and tequila.