Post by
Jean33 on May 21, 2022 2:46pm
Uptick Rule
One last point, shorty, Eric Sprott a billionaire, CEO of First Majestic along with other have given testimony here in Canada to bring back an uptick rule. You why shorty? It is because the penny short attack junior company, By keeping the price of share so low because shorting is permitted share are to low and they have to raise cash at ridiculous level and diluting value. Eventually they disappear.
Those that gave testimony have requested that the rule being reinstated at the level of $3 so penny short could do no harm. The Government seem to be an accord as they have demonstrated the sheer amount of junior who have disappear because share price are pummeled.
shorting is a necessary evil but at higher price. But a penny shorter is a leech, no other word, to coward to buy share,no he flips for pennies. If you are so good Charlie Brown why don't you applied to take over CEO job at Axu instead of waisting you're analytic BS over here.
I tell you why. You are a no one hiding behind a funny. me spilling BS. The a law for up tick rule is at the Canadian Parliament being discited. You may have to find a new job eventually.