Trapeze Capital bought 140,000 shares in the past month Here is what i discoved about Trapeze ( below). IMHO why would anyone buy a stock like OPTI at this ridiculous market cap when they have been doing nothing but losing money hand over fist and are essentailly out of cash or very close to it. Its my solid belief that this company raise money very very soon at much lower prices. The sudden pop in the stock all looks very shady to me ..... anyone ???? https://www.investmentexecutive.com/news/from-the-regulators/trapeze-asset-management-fined-1-million/
Toronto-based investment firm Trapeze Asset Management Inc. has settled allegations of breaching know your client and suitability obligations, agreeing to a $1.25 million monetary penalty.
The Ontario Securities Commission Friday approved a settlement agreement today between OSC staff, Trapeze, and the firm’s co-founders, Herbert and Randall Abramson, who admitted to breaching their KYC and suitability obligations by, “inaccurately assessing the risk associated with many of the investments purchased on behalf of clients in managed accounts between Sept. 30, 2006 and Aug. 31, 2010, and to purchasing investments on behalf of virtually all clients in securities of the same issuers, resulting in a failure to ensure that the investments made on behalf of clients were suitable for all clients.”