This is a public document, but one that is hard to find via search engines. I will post only the pertinent details.
Again, it appears that JAG is merely a victim. Again somebody (my guess Chinese) bought a whack of stock before the "leak" of the Shandong news. Now shares are frozen (before they could sell them?). Is it possible this is a possible "scam" with connections with Shandong?
The "Civil Cover Sheet" has stamped 11 CIV 8764 by Judge Swain. Dated December 02 2011.
Plaintiff is US Securities and Exchange Commission.
Defendants is "One or more unknown purchasers of common shares of Jaguar Mining Inc."
Cause of Action: 15 USC 378;(b) - insider trading
"The purchases of securities of Jaguar Mining were made through an account at UBS Securities, LLC (and its affiliates) by one or more unknown purchasers between October 21, 2011 and November 15, 2011, and were made in advance of a public announcement on November 16, 2011 that Jaguar Mining had received an unsolicited takeover offer from a Chinese company called Shandong Gold Group Co..."
"The identities of the defendants are not yet known because the purchase orders originated through a foreign brokerage firm. A U.S. affiliate on that firm, in turn, effected the purchases through the NYSE..."
"The Jaguar Mining common stock purchased in the ZH**** account (totaling over 2.9 mm shares) was delivered to Brown Brothers Harriman in New York, which continues to have custody of most of those shares in an account in the name of SIX SIS AG, a firm that offers settlement and custodial services and is based in Switzerland." (Interesting that they have custody of most, but not all, so would it mean the unknown defendants were trying to sell the shares?)
Assistant Chief Litigation Counsel
100 F. Street N.E.
(Even though it is a public document and has Mark's phone number on it I thought out of respect that I won't post it. But anybody will know with certainty that @sec.gov is an SEC website so anybody that may want to full document should email him.)
You make yourself look foolish by continuing to follow the posts of someone who "has gotten stale."
Are you trying to tell me that I'm not welcome to post here? What kind of egomaniac are you?
Why not put me on ignore? Sounds like you have issues.
By the way, I stay to continue learning. For example, I didn't even know there was an SEC investigation involving JAG.
You should really get over yourself.
YOu make yourself look foolish when you sell yet stay to tell us how smart you were to get out. Can't you find another way to feel good about yourself? Your posts have long since gotten stale.
My comment was invalid? Don't you think there were people who were nervous about Lehman but said "hey, hedge funds A, B and C all still have big stakes, so I should be just fine, right?"
That's all I'm saying. We are currently about 5-6% above where we were when the news first broke about the offer. The market is trying to tell you guys something, but nobody seems interested in listening.
Oh well, live and learn.
Here ya go...
Securities and Exchange Commisison v. One or More Unknown Purchasers of Common Stock of Jaguar Mining, Inc.
I don't have a PACER account, so I'm looking else where.