BMO big constant sellerSince July 15 BMO broker number 9 has been constanly selling big block of shares at $.075 a times posting offers for a million shares at a time. In less than 10 days he has sold about 8 million shares on TMX in addition to shares that may have been sold on other exchnages.
Becasue of BMO constant selling & no buying by UBS some small spread traders are on the side line or waiting for BMO to finish.
There are days that BMO does not sell too many shares. Would he take down the stock to exist. Most likely he is inurring almost a total loss a few cents less would not make a big differnce.
The buying had dried up after UBS has disappeared.