1 million + delivery failures?Go to this site:
ftp://ftp.cdnx.com/TSXBuyInReports From there you can open a spread sheet that lists 6 Canadian listed companies, 4 on the Venture and 2 on the TSX. Take note of the quanity for RVX, 1,100,900
| | TSXV | | | |
| | CUSIP | Description | Symbol | Quantity |
| 1 | CA00440P4096 | ACE AVIATION HOLDINGS INC CM | ACE.H | 5,000 |
| 3 | CA09369W1059 | BLOCKSTRAIN TECHNOLOGY CRP COM | DNAX | 74,500 |
| 6 | CA39355T2048 | GREEN VALLEY MINES CM NEW | GVY | 500 |
| 9 | CA82670U1003 | SIGNATURE RESOURCES LTD COM | SGU | 1,500 |
| | TSX | | | |
| | CUSIP | Description | Symbol | Quantity |
| 1 | CA08661J1012 | BETAPRO GOLD BULON DAILY CL A | HBD | 500 |
| 2 | CA76128M1086 | RESVERLOGIX CORP COM | RVX | 1,100,900 |
It doesn't look like these forced buy ins are going to be ending any time soon. For those unfamiliar this is what is called Naked Shorting. In a normal short sale the seller makes "positive determination" that there are shares available to be borrowed, he then sells them into the market, and has 2 or 3 days to deliver the borrowed shares, (the delivery period).
In a Naked Short sale that "positive determination" is not made and the shares are not borrowed....it is incredibly manipulative.