Naked Shorting in Canadahttps://www.zerohedge.com/markets/naked-short-selling-truth-much-worse-you-have-been-told
I have commented on this from time to time but it appears the problem is much greater than most could imagine.
So Big Tech doesn't need a slush fund to target IP companies like QTRH. just short the hell out of them, with shares you don't have.
Make no mistake about the enormity of this threat: Both foreign and domestic schemers have attacked Canada in an effort to bring down the stock prices of its publicly listed companies.
When you have the ability to sell an unlimited number of non-existent phantom shares in a publicly-traded company, you then have the power to destroy and manipulate the share price at your own will.
Naked short selling was officially labeled illegal in the U.S. and Europe after the 2008/2009 financial crisis.
And banks in Canada in particular are basically writing the rules themselves, recently making it easier (and legal) to lend out cash account shares.
The naked truth is this: Investors stand no chance in the face of naked short sellers. It’s a game rigged in the favor of a sophisticated short cartel and Wall Street giants