RE: Canaccord Genuity Corp.OMG, I hope it is Canaccord. Canaccord was a huge buyer today of the stock. They were also on the buy side a lot in the last few days.
I will jump so high my head will hit the ceiling if it is Canaccord behind this offering.
These are the last trades today, and don't they just say it all:
Joe is of course anonymous and canaccord is the last buyer of the day.
| 15:57:00 | V | 0.28 | 0.015 | 5,500 | 33 Canaccord | 99 Jitney | K |
| 15:34:35 | V | 0.28 | 0.015 | 19,500 | 33 Canaccord | 1 Anonymous | K |
| 15:20:21 | V | 0.285 | 0.02 | 5,000 | 2 RBC | 1 Anonymous | K |
| 14:28:37 | V | 0.285 | 0.02 | 12,000 | 80 National Bank | 1 Anonymous | K |
| 14:28:22 | V | 0.285 | 0.02 | 8,000 | 80 National Bank | 1 Anonymous | K |
| 14:28:22 | V | 0.285 | 0.02 | 20,000 | 80 National Bank | 1 Anonymous | K |
| 14:28:22 | V | 0.285 | 0.02 | 5,000 | 7 TD Sec | 1 Anonymous | K |
I ask you just looking at that transaction page, how the heck is a company ever supposed to rise out of the ashes of that constant selling pressure by anonymous?
There are a lot of companies who never experience an insider selling even one share and they can't get their stock price to rise. This company has seen an insider sell about 12 to 15 million and they are at least flat lining.
I am so sick of Joe. I will definately look for an opportunity to sell these shares eventually if it is Joe who they did the financing with today. I am also in another Joe company called CDO and they are almost finished with him and I expect a big stock price pop as a result of it as the CEO has new backers and positive news to share with the market when Joe is gone and he may actually be gone already.
But with this company CRE, if they have re-upped with Joe after all that he has done to keep this stock price down, then they are complete and total idiots and I will be looking for a smart exit. I won't throw my shares stupidly, but I will sell a rally, if they re-committed to a guy who has kept them down for 6 months.
I mean seriously, how fkin stupid can you be? How little attention could you be giving to your own company, if we are sitting at this bullboard and seeing Joe's constant selling and look at the SEDAR and see his constant selling.
Seriously, maybe the house positions disguised as 'anonymous' could be hard to detect by the people at the board of directors at CRE, but if you are not looking at the SEDAR and seeing that share count being sold by an insider, then, frankly, you don't deserve to run my lawn mower, never mind a Venture company.
Add to that, that they heard at the AGM that Joe was a problem. I e mailed him on the Joe issue. I'm sure others at this bullboard did too, so if he is that stupid, well, good luck to you, you will have a whole new round of selling in July to contend with when Joe's shares mature, yet again. I don't want to be a part of that.
Contrast that with Canaccord, who if they committed a million dollars to this, will actually, get this, buy shares to support their investment. I know. I know. It sounds crazy doesn't it? But, if you have only been here at CRE, you would be surprised to learn that is actually how investors usually do it. They buy some and then believing in the company, they buy more!!!!!! Shocking.
We shall see. I have e mailed JSL too, so he better get back to one of us by Monday afternoon. I will phone too on Monday, if no one has posted the answer here, or he has not gotten back to me.
It might be possible that he goes to the office on the weekend and we get an answer sooner. I e mailed Kirk Reed, the CEO of CDO and he got back to me on a Saturday.