Silver Bull Resources Inc (SVBL)

[alohamart]

The prices weren't "conveniently placed" there. That was actually an 8 cent premium to the closing price the day before the placement closed (so investors were actually under water the day before the March 6 closing), and 56% above the low in October. Most U.S. private placements are priced at a significant discount to the market price, as investors are required to hold for at least a year, and this one was done without any commissions. The warrant price was set at the closing price on the day of closing. The news of the placement closing was released on March 13 (http://www.metalin.com/3-13-07.pdf ) -- this news today was a shareholder update that only recapped that information.

IMO, the ethics of management are beyond reproach. They are straight shooters that are exceptionally conservative and honest. In early March, many investors were thinking the stock would go much lower because of the downtrend, zinc price weakness, and global market weakness (the Dow had sold off 8 out of 9 days, losing 736 points to March 5), so the placement investors had a lot of faith buying so close to the market price and locking up their shares for at least a year.