RE:Canaccord’s rule of thumbThis is so inaccurate. Cannacord hedges and will use shares and warrants from finance deals to cover their naked shorts as they slowly kill the SP
maysteeler23 wrote: Ive been following Canaccord for 20 years. They like to 3x -5x PP prices.
recent PP are $3.20 and $4.40
3x $3.20 =$9.60
3x $4.40 = $13.20
Means we are going there soon. Their business model is to guarantee their clients 3x quick. They are the master of the universe for Canadian penny stocks.
5 x $3.20 =$16
5 x $4.40.= $22
Once Canaccord set this rocket ship free we will be +$10
With Wallstreetbets we can get #$30 in one day