CIBC's disgusting manipulation is going on for 7 months nowAs usual, CIBC dumped 500 shares just a few minutes before market close to manipulate the pps and close it at the bid price. When it's not CIBC, the last manipulative trade is from TD. It's naive (to say the least) to believe that the SELLER NEEDS $200 and can't wait for another day. This disgusting manipulation has been happening since December 2016 and several other posters have already noticed it and posted it in the past.
As mentioned previously, CKE has never worked with CIBC and TD because it has never made a placement over the last years to serve its debt because it has remained debt-free since 2014 after selling its Tunisian assets, so it has never paid them commissions and finders fees.
Moreover, CKE has never participated in any of the energy conferences organized by CIBC and TD during the last 5 years.
And lastly, CKE chose other firms as advisors when it completed the recent asset sales in Alberta in 2016 to focus on its Montney assets in British Columbia. So CIBC and TD take their revenge while also serving the potential suitor......everything happens for a reason.......don't be naive.
See yesterday's last trades when CIBC dumped 500 shares at $0.34:
Last 25 Trades
| 07/12/2017 3:55 PM EDT | | 0.34 | 500 | -0.01 | TSX | 039 | 079 |
| 07/12/2017 3:03 PM EDT | | 0.34 | 1,000 | -0.01 | TSX | 089 | 079 |
| 07/12/2017 2:10 PM EDT | W | 0.355 | 5,000 | 0.01 | TSX | 007 | 007 |
| 07/12/2017 2:10 PM EDT | | 0.35 | 3,500 | 0.00 | TSX | 079 | 007 |
| 07/12/2017 2:10 PM EDT | | 0.35 | 1,500 | 0.00 | TSX | 088 | 007 |
| 07/12/2017 1:12 PM EDT | | 0.35 | 500 | 0.00 | TSX | 088 | 079 |