Trading PatternsAbout 4 or 5 traders are resorting to the price suppression continuosly for the last 2 /3 years.
A couple of anonymous traders, some brokerages on TD and CIBC are doing these in tandem.
Also, while doing this, they are alos accumulating and slowly eliminating the small and retail traders. They are alos making money out of this exercise.
These guys pay pennies to as trade commsiion , and we cannot afford to do this at all.
To me, their mandate is very clear.
Keep it in the range of 25-30 cents.
This is how the ESM/FM can do pp , whenever they want and take large percentage of shares at cheaper value.
I beleive, as of now the people who are closer to promoters have garnered maxiumu shares of ESM between them.
Now as per Coinman's date, ESM floate is bloated to almost 120 million.
What would be the share of retail investors vs the promoters, Directors, and other firms who came in through PP?
Just think it over.
I expect a PP in very near future, for about 20 million shares at 25 or 30 cents( based on 20 day average)
I have requested OSC/IIROC to look into these trading activities.
Also, ESM made an investment in a shell company called Vilhemina Minerals Inc., a Ontario based private compnay registered by a Lawyer neil Said representing FM.
This firm inturn bought share in Vilhemina Mineral AB Sweden.
I requested OSC to look into these investments also.
It is always better to ask OSC to inquire rather than crying foul.
These guys have enromous resources and also regulatory powers to do some thing for all of us.
GLTA