Word: timminses
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The bank officer, Executive Vice President Longstreet Hinton, interpreted Lament's message as a confirmation of rumors, which had been circulating for days on Wall Street, that Texas Gulf had struck an ore bonanza near Timmins, Ont. Between 10:45 and 10:59, Morgan Guaranty bought 8,000 shares...
The Chronology. As the SEC told it, the case involved camouflaged claims, secret pacts, whispered tips to friends, a "false and misleading" press release and some substantial paper fortunes. The SEC chronology: On Nov. 10, 1963, Texas Gulf geologists, headed by Kenneth Darke, were drilling on a claim near Timmins...
The insider - an officer, director or major stockholder of a corporation -is a powerful cog in the complicated machinery of business, usually privy to a company's secrets and aware of important developments before the public hears of them. Most insiders, of course, are also aware of their responsibilities...
In the next few weeks, most of these Texas Gulf insiders began buying up the company's stock in hopes that the lode was as good as the core looked. By early April 1964, rumors of the strike had flitted from Timmins to Toronto to Wall Street. When the...
The SEC even sent an engineer to inspect the claim at Timmins.