RE:Day in Day Out ......They are unlikely to run out of shares to short, Apropos. That's because unrestricted NAKED short selling is permitted on TSX. They can also sell on a downtick. It doesn't make a difference what fundamentals dictate. Regulators have made it so easy to destroy Canadian companies that trade relatively low volumes. For as little as $10 million a day, or less, someone(s) can easily seize complete control of the price action. If IVN were trading $500 million a day this would be a lot harder.The big lesson for me has been that fundamentals no longer drive share price. It was a lot harder to manipulate trading action when shorts had to sell on an uptick. Then only those with genuine conviction would short a company. Going short used to entail substantial risk. They had to really believe a Company was overvalued. No longer. Now there is a complete disconnect between fundamentals and trading action. Some posters are looking for excuses as to why the Company is under assault. When 33.6% of all trades are short, you don't need to look further.
The Company shouldn't allow CIBC to take part in any equity placement. They really stuck it to IVN with their $3.50 price target, nearly halving the targets from everyone else; RBC, TD, and BMO.