GT Gold Corp. GTGDF

Metals & Mining Industrial Metals & Minerals

GT Gold Corp is a new company focused on exploring for gold in the terrain of British Columbia's Golden Triangle. Its only operating segments include the acquisition, exploration, and development of mineral properties in Canada. The company's flagship asset is the wholly-owned Tatogga property, located off highway 37 in northern British Columbia.

OTCQX:GTGDF - Post by User

GT Gold Corp. > Had to be short covering ( buy in style--mkt!! )

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Comment by Albertan22on Aug 18, 2017 12:02pm

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Post# 26596638

RE:RE:RE:Had to be short covering ( buy in style--mkt!! )

I don't think things work like this -- it wouldn't make any sense. I don't know how shorting works, but this would cause chaos. Suppose your brokerage sold your shares as shorts to someone else, and then you lock them up by selling at an excessive price -- do they now have to buy them back? Does the person who bought short have to wake up every morning wondering if their trade has been destroyed? Can shareholders in a stock that's under pressure keep it from being shorted just by putting their shares up for sale?

I mean, it doesn't matter -- if you want to list your GTT shares at $5.00, go ahead. I just doubt that it has any effect on short interest. And practically, if it did have an effect, this would have to be done by one of the large institutional shareholders to make a difference.

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