As I said earlier, the fact that so many were given an "unfair advantage" with the premature release of this news on the CUU website forced IIROC to reverse the trades.
The "unfair advantage" is overstated in my opinion. What about people who don't work at computers or don't get to check internet news releases on their phones? The news release could have been made public this morning and many unsuspecting investors wouldn't have heard about it until they got back from work or their day's activities tonight.
Agreed that news releases should be a "fair" as possible, but I see these kinds of new releases from other companies regularly where it doesn't get to the newswire in a timely fashion.
I still think this is a good play, if you've got a 6-18 month investment window. JMO.