Only one idea made sense for recent sales of CAN...and that is that institutions are blowing their CAN shares out the door so they don't have to show the direct losses on their quarterly reports. No question, CAN has had its ups and downs since the financing and has a ton of potential, but nobody wants a dog on their record...regardless of potential!
Those sales...have been compounded by a few shorters who realize the motivation of the institutions...thus provide a double whammy for the share price. (Remember the single lot bids getting hit everytime a purchase is made?)
At the end of the quarter the selling pressure will subside...This has left a lot of egg on the faces of institutional fund managers thus they really don't tend to care what they get for the shares as long as they don't have to answer questions from angry unit holders. Those who have shorted will likely cover as the risk:return will have gone out the window...
Think about it, getting caught short when a halt is announced for the new 43-101 is probably not in an investors best interests...
T2