Report from Regulators: No abuse or manipulation from SHORTSShort Seller Report by Regulators found no abuse or manipluation: The CSA found that, annually, less than 1 per cent of all Canadian issuers were the focus of an activist short-seller campaign, while 3 per cent of all U.S. issuers and less than 0.5 per cent of Australian issuers were targeted by such campaigns.
In a section titled “perception versus evidence,” the CSA said that, despite hearing from public companies, law firms and industry associations about how damaging short sellers can be, it stood by a previous statement that it could “not identify widespread market abuse related to activist short selling.”
https://www.theglobeandmail.com/business/article-short-sellers-trades-publicly-disclosed-canada/ ===========================================================================
As I have stated previously, there is NO MANIPULATION of penny stocks found by regulators.
What moves a stock is SUPPLY and DEMAND
(a) ETF fund that wants to load up or, load off millions of shares
(b) Mutual funds that actively trade stock in millions of shares
(c) Mountain of stop losses by retail all around the same price
(d) Senior widowers trading who flush with cash - trading for entertainment in small lots, like casino machines, up and down.
This is why I said that NILI needs to find a better base of shareholders. CELL was able to move the stock down from 80 cents to 60 cents based on its sale of 6 million shares. We need long term investors like Tesla, Barricks Gold or, like big intitutions like a Buffett. If we have those types of investors, we trade DOUBLE DIGITS.
Good Luck,