I apologize in advance for tagging multiple tickers in this post, however, this is important information that concerns shareholders in every company mentioned.

There’s an active IIROC investigation into what appears to be predatory naked shorting algorithm that is run through CIBC (079) house, targeting countless CSE/TSX(V) stocks.

The original series of complaints were submitted to IIROC by $XRX shareholders after it became apparent that CIBC (079) house was systematically layering bids/asks and using small orders to downtick the price on low volume. When volume would come in, they would cap the price until buyers were exhausted and then resume low volume selling in small lots with bigger buys below (likely covering short positions).

It is fair to ask whether it could be a legit paper holder liquidating position but the volume vs tradable float ratio and the way the trades were executed point towards likely naked shorting algo.

I’ve noticed exact same activity by CIBC (079) on numerous other tickers in the past: $CODE $DIGI $FORT $INTL $TRIP, to name a few. There must've been at least 20+ others where I saw this happen. Some stocks managed to recover but most were hammered until buyers were exhausted and they are now stuck trading within lower support ranges.

Today, the same algo was targeting $VERY as it was pushed below $2.00. You can check the fresh trading data on that ticker, so you know what to look for.
As retail investors, we do not have many options at our disposal to combat this but, as the #Bridgemark investigation has shown, we do have strength in numbers if we combine our efforts. If enough of us file complaints, the regulators will be forced to investigate.

Here’s what you can do:
1. Collect evidence if you see spoofing, small lot selling and other types of manipulation by CIBC (079), Anonymous or other houses on any stocks that you own.

2. File a complaint with IIROC at https://www.iiroc.ca/contact-us. Include as much detail as possible, screenshots, etc.. It is important to have your submissions backed by evidence, otherwise the complaint could be dismissed out of hand.

3. Share this post on Twitter, in Discord, Facebook, Telegram groups you’re in, etc.. If you have contacts within #SaveCanadianMining campaign, any journalists covering capital markets, etc., let them know.

I do not know how effective our efforts will turn out to be but the least we can do is try.

Have a great r