GREY:CNTTQ - Post by User
Post by
Duediligence33on May 02, 2019 12:32pm
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Post# 29701490
Retail holders get hosed by the PP buyers
Retail holders get hosed by the PP buyersThe buyers of the PP did not risk "their own money"". This is the play. When they are assured of a piece of the action at $ 7.50 CDN when the stock was $ 13.40 pre earnings needing cash then they
took short positions after poor earnings and they had no risk knowing thye would get future shares at $ 7.50. The cash they took in from sales of shares from $ 13.40 to $ 8.70 that they never owned came from retail bagholders buyers who took the risk. Now on May 6 when the PP closes those short sellers can cover their shortign with impunity as well as take long positions. Bottom line the management gave no heads up on poor earningsd aand the cash thye needed came from large players who know how to transdfer risk from themselves to retail bagholders who "believe" the story. To play this game you have be in the 1 % club who control the markets. We get the scraps and hold the bags.