TSXV:MRS.H - Post by User
Comment by
ScarletSpideron Jan 19, 2021 2:24pm
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Post# 32327969
RE:RE:IIROC....HONESTLY?????
RE:RE:IIROC....HONESTLY?????
jammo71 trust me IROC can force you and close you down. I got hit three times in two different companies that got nailed by IROC for over promoting. Xmg made claims with their lithium extraction process that was not third party verified and had to change their write up in that news release and a trading halt was forced on them. The other two times was with micron waste management where the acting CEO lied to my phone face when I called him and it had to do with their supposedly acquired subsidiary covid tech. First off they did not issue a release saying the transaction had gone through. Secondly covid made claims that they could produce x amount of not respirator masks when there was never any production run. They claimed they had the special equipment to do so and was involved with companies already placing orders. Their information was wrong in that it did not qualify all this by saying covid plans to produce x amounts of such and such after successful testing and product launch where the product line will be scaled up to full production capacity. Companies cant make claims until they happen so they are legally obligated to use qualifying phrases intends expects to produce etc. If the promotional materials on websites and news releases are not given the actual facts and dont qualify things IROC will halt you until such time as you fix it and file with the Securities Commission within the jurisdiction it operates so dont kid yourself IROC can and does have teeth the problem is that it is only for very blatant cases I find them to be useless and over compensated otherwise even when you tell them about manipulation they dont care because like I like to say they are in bed with the whole Canadian systemic structure that works on people constantly trading shares in other words with the brokerage houses the majority of who have no real interest in long term backing companies so what happens is companies shares tend to get butchered and the values in which they do raises are so low you end up with massive dilution and outstanding shares. Very much like you see. Now either companies make enough to offset these dilutions or dont. Yes the carry on...no they consolidate and so the cycle goes. The more this happens everyone makes monies who lesser risks and everything is rigged against the retail shareholder so always good to take monies out to have to buy on dips as well as derisk regardless of whatever strategy you use. Canada is a trading market period so I call it real stupid company killers. You succeed in Canada you must have something!!! But everyone has their high times and lows so if you understand all this you can make monies trading within a stock or many and between them. That said I dont like this set up goes against the spirit and philosophy of the market in my honest and sincere opinion.