RE:RE:RE:RE:RE:RE:RE:RE:When is the Next PP Dilution?Copied from another site, but has some relevance here. To those of you new to this forum. There were 2 hatchet smear articles published on Seeking Alpha at that time by Keubiko and Grumpy Bear which were exhaustive short themed articles attacking xxx. That was the leading edge of a massive short attack which was supported by paid bashers on this site.
The remnants of that attack are still felt today with the share price down despite virtually everything stated in those articles having been proven false. Also there has been tremendous progress in the company with patent approval, progression.
There is strong suggestive evidence that the Anson Group was involved in this attack and they are notorious for this activity, having been sued previously by Nobilis Health and Catalyst. I spent some time reviewing some of the articles they used to undermine Nobilis( surprise, also published on Seeking Alpha) and it reads exactly like the Grumpy Bear article.
On top of this there is grossly manipulative trading behavior where their were thousands of stacked 100 and 200 share buy and sell bids. No one in their right mind buys and sells a penny stock at 100 share alotments given that you will automatically be down a minimum of 10% given the brokerage fees. Don't forget the regular spoofing of large sell orders that appeared, disappeared, and reappeared during the height of the short and distort campaign some which were in excess of 100,000 at one price and/or spilt over multiple prices which has occurred of late.
This is clearly illegal behavior that you would have to be blind to ignore, but our regulatory authorities refuse to deal with it. The Hedge funds involved are like the bullies in the playground stealing the little kids lunch money. But the money they are stealing is from the small retail investor. The trading houses and banks are active participants reaping milions in brokerage fees. When these large entities decide to short a small junior with market cap of less than 500 million they do not stand a chance. It is going down regardless of how good their tech, people or execution.
What we are talking about is organized crime at the highest levels with collusion of the banks, brokerage houses and our regulatory authorities turning a blind eye. Is this behaviour really any different or less corrosive to society than drug running, prostituion, or other activities that are prosecutued to the fullest extent of the law.
Naked shorting ( 2.5 million shares?????) is the tool of the elite shorter where the trading house will let the fund sell shares that DO NOT EXIST. What could be more illegal than that. Where there are no shares available to back the short they will just make up a sell order back by nothing. This is counterfeiting shares that do not exist. So every xxx share holder could be holding his shares steadfastly refusing to sell. All shares issued by the company are not trading being held close to the chest, but there could still be massive amounts of selling and buying of countefeit shares that have been pumped into circulation by naked shorts. Talk about having the deck stacked against you.
When does it end? Are we doomed to carry this cancer diagnosis of shortitis forevermore. It ends when revenue is generated and the path forward to massive growth in that revenue is so compelling that they move on to greener pastures to repeat the whole procedure on some other poor company.
I cannot understand the passivity of attitude that accompanies this by most investors. I believe most people just don't understand the process, and there is this underlying belief that it must be legal or " they" could not get away with it. What we are talking about here is the privelege of the elite to steal with impunity, right in front of the noses of the reguators and basically laugh at us all.
Lets hope that xxx will grow up to be one nasty, massive, tattooed mother with a long memory. To my way of thinking these short entities whose elite members rub shoulders with the elite of the world, are no better than common thugs. In a perfect world they would be prosecuted and spend a number of years incarcerated worrying about how to shower without dropping the soap.
Just a short follow up on my previous post.
To be clear, this activity requires the collusion of 3 parties. The actual shorting entities engaged in the price manipulation ( ..suspect US & Cdn hedge funds like Anson). The trading houses that issue the fabricated short shares ( they get paid with huge commissions - (TD, RBC, Scotia, CIBC and Coremark come immediately to mind) . The various regulatory authorities who are aware of the activity but turn a blind eye. (TSxv, OSC, IROC, other Prov'l Securities Commissions at the very highest levels).
But what are we all so upset about. What is a career ciminal to do? They are legalzing Marijuana so no future there, Gambling has been legalized every where. Pretty slim pickings for the criminally minded. Hold on there is a great future in stock manipulation. Its an old boys club with massive profits. No one takes it seriously.
On the unlikely chance you get caught you will have plenty of money to lawyer up and baffle them with bullshit for years to come and worse case scenario you have to pay a few fines and/or settle out of court. (Conclusion it pays!) But don't worry you only have to pay if you are feeling charitable because they really have no enforcement. So go ahead and steal to your hearts content.
Asolutely sickening.