RE: RE: RE: This week I wonder where the 3rd Quarter results are. Last year they came out on November 26th. I hope they paid their accountants.
We could speculate to no end what will happen Dec 10th, the deadline to make a choice. Regarding the severance package fro Mark Farrell, it was $242,916 not $355,000. So $112,000 was severance for someone else I assume.
Mark's severance was made up of $129,289 in cash and $113,627 in stock. Both payable over 24 months. If the implied value of stock was 5 cents for accounting purposes, then he would get 2.7 million shares, bringing his total holdings to approx 6 million.
I did a search of stock trades when they were the heaviest (March 19 to May 9, 2012) The chart below suggests most selling came from two people. But more could have used "Anonymous". During this period 34 million shares were sold. A time when Mark left, and the company was already perceived to be on the ropes. Most of the trading was at 1 cent, so the dollars amounts are small and maybe nothing can be read into these trades. TD Securities was the largest buyer at 9 million. A gut feel this is one person only based on previous trading characteristics.
The idea is that smart speculators buy when the stock tanks. This even knowing the company could go under creditor protection. I won't read anything more into it.
How can an investor spot the moment ot capitulation? The stock flat-lines and the trading volume disappears. The hot money is gone, management is level-headed and any buying is close to the true market value. That's the bottom-assuming the company does not turn itself around. So it's not the best time to buy a stock when the volatility is gone, because it's not clear the company will make it. (RIM article Page B19 Nov 29th Globe and Mail)
At this point, now that reason prevails, let the market be your analyst. The stock must rise on small volume, etc. But if the stock is finished this won't happen anyway. But still have to look for it until the end. I would even wait until Dec 10th. And if it's gone, its gone. Ok.
| 7 TD Sec |
9,063,100 |
85,522 |
0.009 |
2,385,000 |
36,955 |
0.015 |
6,678,100 |
-48,567 |
| 89 Raymond James |
3,853,000 |
65,570 |
0.017 |
0 |
|
3,853,000 |
-65,570 |
| 9 BMO Nesbitt |
3,888,100 |
26,851 |
0.007 |
230,000 |
3,310 |
0.014 |
3,658,100 |
-23,541 |
| 124 Questrade |
2,465,833 |
25,283 |
0.01 |
132,000 |
1,820 |
0.014 |
2,333,833 |
-23,463 |
| 36 Latimer |
2,076,000 |
10,380 |
0.005 |
0 |
|
2,076,000 |
-10,380 |
| 80 National Bank |
2,520,000 |
31,975 |
0.013 |
500,000 |
4,000 |
0.008 |
2,020,000 |
-27,975 |
| 85 Scotia |
1,931,002 |
17,985 |
0.009 |
266,500 |
4,772 |
0.018 |
1,664,502 |
-13,213 |
| 2 RBC |
1,885,500 |
21,355 |
0.011 |
442,800 |
4,892 |
0.011 |
1,442,700 |
-16,463 |
| 79 CIBC |
1,300,800 |
12,936 |
0.01 |
623,000 |
8,185 |
0.013 |
677,800 |
-4,751 |
| 28 BBS |
230,000 |
1,300 |
0.006 |
0 |
|
230,000 |
-1,300 |
| 99 Jitney |
505,000 |
7,700 |
0.015 |
477,000 |
5,910 |
0.012 |
28,000 |
-1,790 |
| 58 Qtrade |
7,300 |
129 |
0.018 |
0 |
|
7,300 |
-129 |
| 62 Haywood |
5,300 |
66 |
0.012 |
6,126 |
85 |
0.014 |
-826 |
19 |
| 39 Merrill Lynch |
25,000 |
250 |
0.01 |
28,000 |
280 |
0.01 |
-3,000 |
30 |
| 68 Leede |
100,000 |
1,000 |
0.01 |
140,000 |
1,400 |
0.01 |
-40,000 |
400 |
| 27 Dundee |
0 |
|
45,000 |
900 |
0.02 |
-45,000 |
900 |
| 33 Canaccord |
0 |
|
1,516,000 |
20,740 |
0.014 |
-1,516,000 |
20,740 |
| 19 Desjardins |
719,491 |
7,669 |
0.011 |
7,221,000 |
76,617 |
0.011 |
-6,501,509 |
68,948 |
| 1 Anonymous |
3,880,000 |
34,225 |
0.009 |
20,443,000 |
180,330 |
0.009 |
-16,563,000 |
146,105 |
| TOTAL |
34,455,426 |
350,196 |
0.01 |
34,455,426 |
350,196 |
0.01 |
0 |
0 |