RE:RE:Oil at $33.50 and we are at $12.60 pre split? total robbery Freedom8 wrote: Agreed. I had 10,000 shares at the end of March. There was a 1:10 consolidation then a 1:20 a few weeks later and the price still crashed !! WTF that’s now 1:200 ?? I now have 50 shares and my breakeven is $260 !! Yah like that’s ever gonna get there. Where has all that money gone? Who has it ? The fund??
Someone needs to contact SEDAR and start an investigation. I’m sure I’m not the only one who thinks this smells fishy.
This is a pure scam orchestrated by this ETF to take money off the average person IMO !!! When oil was at $25.00 barrel about month ago this was $6.00 per share, then because of the 2x value oil plummeted ( all the BS no where to put it worth nothing etc ) it went to $0.60 in week and a half !!!! Wiped everyone out then....so then the fund says we have to do a 20 to 1 consolidation in order to save the ETF and goto 1 x power....so then we were at $12.00 per share. so now today oil is even higher at $34.00 per barrel and here we sit !! So now they say we have to have vote on july 1st or around to go back to 2 x buying power? well no kidding......and all this time they will take all your cheap shares then when that vote goes through this will double in value !! But hence 95 % of share holder that bought when I did will need $100.00 per share to break even !! Even worse if you bought at $10.00 3 weeks prior !! Anyway the point is this is all I ponzie scam to extract money from hard working person.....I lost over $30,000 in week and half !! That seems like normal trading practice? Like I said PURE ROBBERY committed by these douche bags and I hope Karma finds these CEO and types of this organization. People can lose hard earned money by trying to make few hundred dollrs to better there lives in these times and then these azzholes can wipe you out and make up there own rules and sat this is for the sophisticated trader? Really? BS !! Look at the chart for last year....no winners only losers and people in the know screwing little guys !!