RE:Mr slowrideasy.Its not about shorters /bashersGlad you brung that up. Why dint the make companies issue statements when stocks are dropping for no reason? If a business hasn’t changed shouldn’t investors be made aware that it business as usual? Why didn’t IIROC step in when it went from 2.90 to .15? It’s no different
The whole system is broken. The reason nothing is done is because nine times out of 10 it’s merchant bankers running up a stock when they know they are going to be selected to do a financing a company. They buy low, run it up, short it to or below the the known PP, sell and then keep their free shares.
There is no regulation.