Shorts > Terry Lynch Naked Short Selling Update
Good afternoon to you all. Back in November, thousands of you tuned into a Black Friday webcast led by Terry Lynch, Save Canadian Mining, Eric Sprott, Wes Christian and David Wenger to address the very serious Naked Short Selling epidemic within the small cap markets.
Rest assured momentum from the Black Friday event has been strong. Over the last few months, Terry and his team have continued their investigations and the results are nothing less than shocking.
ALL INVESTORS ARE NOT EQUAL
This Friday morning (Good Friday) we will be posting a video update here in which Terry Lynch outlines what he has discovered, how specifically naked short selling is happening and what hard actions now need to be taken by issuers in order to put an end to it. In the words of Terry himself:
"All investors are not equal. I have learned that if you are a hedge fund and rent Pipe from the main pipe providers to exchanges in Canada .... They can trade short exempt! It is no longer a mystery with how paper keeps coming. They press a button and hit the bid and again and again."
"We won’t say they designed the system to do this. But now that we are aware and have all the facts, there is no way in the world you can call this a fair market. We have a fiduciary responsibility to protect our shareholders. This is the fight we must win. Together we can do it."
WHO NEEDS TO WATCH
- Issuers (Mining, Tech & All Industries)
- CEOs
- Directors
- Financers
- Investor Relations / Marketing
- Investors
WHY YOU NEED TO WATCH
1. The TSXV is trading at near all time non-pandemic lows despite robust commodity markets. This is not a normal cyclical market cycle. This is very different.
2. World leaders are finally recognizing the real root of the crisis.
3. On Nov 5th South Korea banned short selling. Their leadership cited concerns about increasing market volatility and illegal short-selling practices undermining market stability.
4. This follows the September 29th ruling in Harrington Global Opportunity Fund Ltd. V CIBC World Markets Inc et al. As a result, Broker-Dealers can be held primarily liable for failing to fulfill their "Gatekeeping Responsibilities" of monitoring their client's trading actions. This case about spoofing and abusive naked short selling is reverberating in brokerage compliance offices around the world.
5. The world is changing and now is the time for Canadian markets to deal with this problem. A problem that is costing Canadian investors billions of dollars!
WHAT YOU SHOULD DO
1. PLEASE share this post right now on LinkedIn, as well as, your other socials
2. DM your team to do the same
3. Watch the video on Friday (to be posted at 10AM EST here)
4. Get ready to take more action. We will need a minimum of 9 companies to commit to gathering their ShareIntel evidence.
Thank you and we look forward to further discussion after the video has been posted