It looks like the controversial Swiss financer, Carlo Civelli took part in the recent IGD private placement via his Panama based company:
Professional Trading Services S.A.
P.H. Plaza Comercial, San
Fernando, 1st Floor, Office 41,
Urb. La Loma, Via Espana,
Panama
Carlo Civelli
Tel: +507 391 9199
N/A 1,000,000 $50,000 2.3 of NI k
For anyone that has not heard of Carlo, a simple Google search will help you out. David Baines had much to say about him....here is just one short article from Stockwatch:
Van Sun says IIROC avoids full Civelli, Duke scrutiny
2010-10-06 09:59 ET - In the News
The Vancouver Sun reports in its Wednesday edition the Investment Industry Regulatory Organization of Canada some times fails to get to the heart of the matter. The Sun's David Baines comments that disciplinary action against now-defunct Blackmont Capital and a former broker, Dean Duke, is a case in point. At the heart of this case is Carlo Civelli, a Swiss fiduciary involved in dozens, if not hundreds, of controversial Vancouver junior issues. Mr. Duke's Clarion Finanz AG acted as an "external asset manager" for seven banks in Switzerland or Liechtenstein. The public has no way of knowing who these banks are trading for. The end clients could be insiders of the very companies whose shares are being traded. Even more disconcerting, the Vancouver brokerages that trade for these banks often do not know who is behind the accounts. IIROC investigators were less interested in who owned the banks than in a commission-kickback arrangement involving Mr. Duke, Blackmont and Mr. Civelli. Unanswered is what stock was being traded, and why Mr. Civelli was trading it through these offshore banks at Vancouver brokerage firms. Mr. Baines says we should know who traded these shares, and why.