Connacher Oil & Gas Ltd CLLZF

/// Bladerunner you putz ///

[Badger7]

as long as the stock WAS ONCE ABOVE ONE DOLLAR, and you opened such short position and rode it down into the pennies without covering it all - you simply hold that short position until fully covered so in the case of Connacher it could easily have a lot more shorts than what gets reported due to those who like to short term swing trade and do not show up at month end let alone weekly short reports  

this might blow your mind // some institutions do not have to actually own the shares you buy // they can cover their short position when you finally decide to sell and since 96% of people sell at a loss then guess who tend to be the largest short in the market of risk assets? YOUR BANK

that's why at their trade control desks - they have a different screen than what we see - trust me - I have a relative that works at one of the top 3 in Canada

fyi, in USA when tiny little companies issue HUGE news - they spike so quick (especially otcbb) is because they (THE BANKS THAT WERE SUPPOSED TO BE HOLDING SHARES FOR THEIR CLIENT) sometimes have to cover higher & higher when lemmings run and hit the ask relentlessly along with the shorts covering at ask, and add some momo in the mix and you get subpenny stocks that can go from .0015 to .009 in 1 or 2 days , but it's much the same in Canada with our venture mining stocks that get initial good drill results (the difference is the bank can short our position by simply using a shadow system that sells the very same security that you bought at the every same price - so they are short by simply NOT OWNING IT) - it's up to their trading team to speculate that way if they want, but when it's the real deal they do, in fact, buy & own your security

traders have been demanding transparency on these issues for YEARS

the bottom line is if the stock was over $1 any retailer could've been short, and there are different rules for accredited investor class (some of them can short penny stocks flat out - just like the banks/ brokerages) 

Google "short selling wars" - it has been going on now for 8 years - proves that the little guy gets it in the ahss.k