Twin Butte Energy Ltd TBTEF

Too many consective closes at the bid price

[PUNJABI]

IIROC should investigate the closing price of TBE since May 15 till today to check why the stock has be forced to close on the bid side mostly by Morgan Stanley.


Since the fin result besides the first day every day the stock has closed at the bid prices since May 15.  This is very odds that the stock has closed on the bid side for about eight consecutive trading days is too much of a coincidence even when the there were days that the stock has gapped higher & was trading higher recently.. Someone was making sure of that by having a few thousand shares of negative imbalance at the close. That imbalance hits the bids as the last trade of the day & the closing price is fixed on the bids side & not offer. During the last reporting period the short position has gone up by 1.4m shares too. Short sellers are interested in a lower close.

For about 8 consecutive closing at the bid make me think that maybe this is being done deliberately. I do not think that TBE is part of big indices or EFTS so not much Imbalance trades coming from that. It has been mostly Morgan Stanley that has been putting in  a negative imbalance of few shares & a few time also Anonymous. I think IIROC should investigate the closing to ensure that the short sellers are not deliberately causing the close on the bid side & manipulating the close.
I checked to see who was doing it.
On May 27 Morgan with others
On May 26 it was only  Morgan 4000 shares
 On May 23 it was only  Morgan Stanley
On May 22 it was only Morgan Stanley
 On May 21 it was only  Morgan Stanley
On May 20 it was Only Anonymous
On May 16 it was Morgan Stanley only
On May 15 it was Morgan Stanley & Anonymous
 
TBE should also look into this to ensure that there is no deliberate attempt to cause a lower  closing price.