PINL:VLTAF - Post by User
Comment by
ALLEN4on Apr 22, 2010 5:38pm
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Post# 17021476
RE: RE: RE: Cormark Position
RE: RE: RE: Cormark PositionBanker's just sending a message to Sprott to stop screwing around with our shares, you are pissing us off!
It is useful to get to the bottom of what they are doing because on many days they make or break the market for VTR shares. Sprott is so much different than an individual retail shareholder. When you look at Sprott shares trading, you are looking at a number of influences we do not have, institution rules about position limits, fund customer demands, the branch of Sprott that actively trades vs the part of Sprott that invests.....but Banker I was serious when I said before why not just contact them and ask them directly what the hell they are doing? Just like us they have no obligation to disclose their trading strategies, on the basis that the information could then be used against them. But you could explain that the lack of knowledge as to their reasons for selling on certain days is to some extent eroding confidence in your investment here. Who knows, maybe they would welcome the opportunity to explain.
Remember Eric Sprott had the audacity to approach the IMF and request that he be permitted to purchase gold from them, so he might respect a similar move on your part if you were to write him directly. I challenge you to do that, put yourself out of your misery, and get some answers. Post a copy of your letter on the board here. What have you got to lose? Even non-responsiveness or a runaround response will tell us something.
I would write the letter myself but I am not as concerned about what Sprott is doing. I think I can do much better than Sprott, if I did not think so, I would just buy his fund (SII I think).