RE:smells like shorts You are correct.
Daily trading activity usually starts with a naked short sale of 100,000 shares or so.
Various houses then wash trade the share price to their liking.
It happens on almost every stock I own.
Naked shorting is usually run by US and international Houses which use Canadian Houses as their pimps.
Canada is the only country in the world that allows naked shorting.
It is basically unregulated as the CSA is paid by the clients that it is supposed to regulate.
Publicly listed companies should know their market.
Its apparent that Valeura management chooses not to.
Those 25 cent options prove my point.