ASA Gold and Precious Metals Ltd C.ASA

RE:RE:RE:RE:RE:Something not kosher if this dropd below $1.70

[lscfa]

lnik to full article....    

https://www.theglobeandmail.com/business/article-proposal-to-ban-short-selling-ahead-of-deals-to-shake-up-junior/

lscfa wrote:

These scumbags are tipped off even earlier. Underwriters poll institutions ahead of agreeing to a bought deal to get expressions of interest to reduce risk.  

 

KelownaClown wrote: Correct, as soon as they knew this deal was going to be finalized, those guys would have started to sell the stock short, then start to dump to drive the price down as soon as they got their grubby hands on those 17 million shares to cover their positions with a nice profit. As soon as they've covered, they'll let the price rise so they can cash out on that end as well, and we'll probably have to endure a cycle of rinse and repeats multiple times until they've washed their hands of the entire block. Like they say, money makes money, and as I say, if you cant beat them, join them, the only thing I can do is play follow the leader and try to get some scraps off of the table. I scraped up some bucks to buy at 1.75 today.
 

 

lscfa wrote: And this a bought deal so no 4-month hold period like PP's. The mofo deal participants can start playing games immediately.   

temeraire wrote: Surely all the well meaning longs realize that we are being completely manipulated by short sellers - the same bloody guys in on the financing - if this stock could capture the imagination of the Reddit crowd - like GameStop- there would be the same opportunity for vengeance!