SGX bought about 672k shares of Lucrum, which last traded at 45 cents. Cost: $300,000.

I thought SGX only had a million in the bank?

Anyone know how this makes sense?

One of the things LRU.P (Lucrum) invests in is ... Sage Gold.

So it is a roundabout way for Sage to support their own share price, but not very efficiently.

It's another way for Sage to get a minority involvement in whatever else Lucrum digs up.

However, management has not explained any benefits to what they are doing. Are these guys buddies?

Does anyone have a good understanding of this?

Sage will have to do another PP to raise cash for operations. Maybe Lucrum will be instrumental in this?

By the way, lucrum is a declension of the Latin for "profit, advantage" (that's where the word lucre comes from).