Post by
2021Gamble on Mar 08, 2023 6:26am
Save Canadian Mining memo 11-3-21
As the regulatory framework in Canada is once again in flux, this article is of interest to Canadian Junior Miners...I have included a single paragraph from then linked memo from SCM to the regulators.... predatory short selling is indeed "a thing", and the stacked bids as well as the trade activity i've posted over the years on PHD show it's alive and well here....
Cheers
https://www.osc.ca/sites/default/files/2021-03/com_20210303_25-403_lyncht.pdf
e.
We believe the data IIROC has under reports the true problem. The current settlement process of T+2 +10 is in SCM opinion being abused by Predatory Short Sellers to disguise short selling activity. What happens we believe is on 11th day hedge fund flips trade to next numbered Company and starts the clock again. None of these trades are marketed short but before they become a failed trade it gets sold. The seller never borrows the stock and keeps on doing this putting increased pressure on Companies stock price and scaring real investors who think there is something they don’t know about stock and they then become sellers. This enables stock prices to be suppressed and presents an easy profit opportunity for the Predatory Short Sellers. The dramatic difference in historical stock price action versus current is clearly demonstrated in the SCM research.
See also the latest from CSA / IIROC - posted again as fyi
https://www.iiroc.ca/news-and-publications/notices-and-guidance/joint-csaiiroc-staff-notice-23-329-short-selling-canada