balain wrote: There is no doubt that the volume of shares traded in PYR last Monday should be investigated by the market authorities, and some transparency offered.
The volume traded was 338 times the average daily volume. Nowhere near normal!!!
Anyway, it's not the first time good companies are being manipulated, and it won't be the last time either.
It happened to me while I was a shareholder of Prometic, when Thomvest, a company owned by the Thomson family, the richest family in Canada, used a subsidiary to acquire Prometic and destroy its shareholders. 17 years of investments disappeared for me overnight, and thousands of people were affected.
I am not too sure what market authorities do, but they do not protect our great Canadian companies like PYR and PLI (now LMNL), neither do they protect iheir shareholders. Is there anything we can do? Yes, complain to the tsx and the NASDAQ, but also, we but be aware that we are not safe, that out investments are not safe. That's the starting point of reform. Hopefully you guys never have to go through what we are going through.
I hope that PYR doesn't disappear like PLI did.
If you are interested in looking at how market authorities protect us, look at this 36 min video on youtube about Gryphon Gold and Waterton Global Resources called the dark pond of money. It will blow your mind!!!
https://youtu.be/8e1AwnRXwO0 Also see the first article written about the takeover of Prometic by Thomvest...
Dramatic dilution at Prometic Life Sciences draws ire of shareholders | Financial Post PUBLIC AWARENESS!!!
Go PYR go!
Still, what the heck happened on Monday? And what was this chestnut roasting business about exactly?...