I am also wondering why the stategic investors have paid $1.30 per share when it is currently trading at .90 per share. This investment of 40 million is a very good sign though and gives IC Potash one of the largest cash positions of any potash junior. I wouldn't be too worried about this stock being a scam, I know it trades on the pink sheets in the US, but here in Canada it trades on the Toronto Stock Exchange. I am planning to buy right away Monday morning based on the logic that if their strategic investors are willing to pay $1.30 per share, the share price should move up alot over the next week. Just my opinion though. Good luck.
If possible, you should have your broker purchase directly from the Toronto Stock Exchange for you so you don't get ripped off by the bid-ask spread and illiquidity of the pink sheets. I believe many of the big brokers will do that for you. I bought in this morning, unfortunately it opened up 20% already so not sure how much higher it will go short term. Paid 1.06 and I hope it will hit 1.20 or so.