If Intercorp had invested its money in LYC in 2009, they could have multiplied their money by 20 times.
Ian Fisher, Chairman of DMN bought 100,000 dollars worth shares at Market Price(from Company) at 0.003 cents.
Company(DMN) gave option to all share holders to subscribe share(0.0008 cents). Most people did not. So if Intercorp subscribed shares, made some profit, what is wrong with that?.
Few examples 1) EGO did capital raising at 0.01 recently 2) CEO did capital raising at 0.008 cents. 3) PEN did at 1 cents(listed options)
List goes on.
People made money in all these Capital Raising ?.
Intercorp still hold 11% Interest in DMN. From my understanding Ian Fisher is Chairman of DMN now and is the decision maker not Intercorp. Intercorp is just a major share holder.
This is how market works
DMN Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held