canuckktrader wrote: I don't think you have a good grasp of how the venture markets work in Canada, so I will help you out, and you can take this to the bank. All fund managers have accounts with all the big investment banks, Cormark, Cannacord, Beacon etc. When they know a company will be doing a finance, they short the stock. Go back and look at the trades taking place a few weeks ago at $1.60. When you see 20 trades of 100 shares, each at the exact same time, that's called an Algo program.
You short 2 million shares at $1.60, and then you get in on the $1.23 finance, pay back your two million borrowed shares, and you just walked away with $700K profit, and you get to ride out some warrants, and all you had to do was turn on your algo trading program for two weeks. This goes on every day with hundreds of companies on the venture exchange; if the exchange would do their jobs and not allow the manipulation to go on, it would be much better for investors, which is exactly what the exchange is supposed to do. Unfortunately, the hedge funds and money managers generate a lot of money for the TMX group, so it's better for them to look the other way.
The company just drilled one of the best pureplay helium wells ever drilled, this thing is going to pop in the next few weeks, and you can take that to the bank!
BTW Cormark's Analyst coverage has a $4.50 price target. Still, I'm sure you have a much better insight and are far more intelligent regarding broader markets than all those idiot CFA and professional moneymakers they have over there. (insert sarcasm)
If anyone is interested in the Cormark report you can read it here, It's very well done and not something that was just slapped together.
https://avantienergy.com/wp-content/uploads/2022/02/Analyst-2022-02-16.pdf