SHORTERS BEWAREIn January, the Ontario Capital Markets Modernization Taskforce recommended the provincial regulator create a new prohibition against “misleading or untrue statements” about public companies to prevent both short and distort campaigns and “pump and dump” (investors try to build up cheaply purchased stocks by spreading positive rumours) schemes. The prohibition, similar to legislation recently enacted in British Columbia, would require the Ontario Securities Commission only to prove intent, rather than causation.
Does anyone know of any poster on this board looking to short and distort with "intent" to spread “misleading or untrue statements” such as no sales contracts, no NexOptic board members owning purchased stock in the company or no contracts. And aquiring blocks of stock at bargain prices while trashing the company to influence even more lower prices.
You know who you are. Clock is ticking.
https://oilprice.com/Energy/Energy-General/Is-This-The-Beginning-Of-The-End-Of-Naked-Short-Selling-In-Canada.html