RE: Let's hope this is the week.
I don't believe this to be the week for any news release; a couple of the Pros still have a few more million shares to unload. I don't believe SNV management will release any news until the Pros are done, because they will just drive the price down again to 9 cents (until they have recouped their initial investment).
Below you will find the names of the professionals, firms and insiders who bought into the Private Placement. So far, over the past week, Macquarie has sold 1+ Million; Canaccord 500,000+; and Haywood (Eric Savics???) 1 Million. To limit their risk/exposure, they are going to try and recoup the amount they spent in acquiring the shares from the PP, while riding the warrants.
As such, might as well place your bid orders in at $0.09 because that's the lowest they will let it go for.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
TSX Venture Exchange has accepted for filing documentation with respect to a
Non-Brokered Private Placement announced March 4 and March 9, 2010:
Purchase Price: $0.09 per share
Warrants: 44,585,995 share purchase warrants to purchase 44,585,995 shares
Warrant Exercise Price: $0.18 for a two year period
Number of Placees: 44 placees
NAME No. of Shares Dollars
-----------------------------------------------------------------------------------------
MACQUARIE CAPITAL MARKETS 8,525,560 $767,300
Craig Brenner SR Vice President, Institutional Sales 555,555 $ 50,000
Robert Colcleugh Managing Director, Calgary 1,111,111 $100,000
Dan Cristall Executive Director, Calgary 1,111,111 $100,000
Ron D'Ambrosio Moved to TD 222,222 $ 20,000
Carly Dean Vancouver 111,111 $ 10,000
Jesse Janzen Vancouver 222,222 $ 20,000
Chris Naprawa Toronto 1,111,111 $100,000
Michael Nininger Toronto 1,111,111 $100,000
Harry Pokrandt SR Vice President, Toronto 1,666,666 $150,000
Alex Rothwell Head Cdn Equities, Toronto 555,555 $ 50,000
Donato Sferra Toronto 555,555 $ 50,000
Tim Sorensen Head of Institutional Sales 555,555 $ 50,000
David Washburn London 555,555 $ 50,000
--------- --------
17,970,000 $1,617,300
HAYWOOD
Eric Savics Vancouver 1,110,000 $ 99,900
CANACCORD FINANCIAL 4,000,000 $360,000
LEEDE FINANCIAL MARKETS 555,555 $ 50,000
INSIDERS
Adam Sumel Chairman 555,555 $ 50,000
Brian Farrell CFO 278,000 $ 25,000
Richard Wadsworth CEO 1,870,000 $168,300
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