RE:Manipulation by MMCAP stopping this from taking off! So, what's their endgame here? Keep it under 30-35 forever and then short it back down when investors finally sell and give up? I'm so incredibly fed up with this. That 70 percent run last week finally got me. my 50k investment back and I'm ready to walk at this point.
Greenman519 wrote: WHO WAS SELLING ALL DAY FRIDAY TO KEEP $FIRE / $SPRWF UNDER $0.30?? The Number one seller on Friday stopping the share price was BROKER 90 on the TSX, by selling approx 10 million shares to stop a run. WHO IS BROKER 90 - According to the Toronto Stock Exchange member directory, BROKER 90 is BARCLAYS CAPITAL CANADA inc. So I did a little research on their website and checked out who their Managed Funds were... Guess who was their #1 fund?? MMCAP Fund Inc. WHO IS MMCAP From their own website MMCAP is an opportunistic, event-driven fund that concentrates on small- to mid-sized corporate actions in Canada, the US and elsewhere, and seeks to exploit inefficiencies that are overlooked and/or not understood by larger market participants. The fund utilizes a broad range of strategies, including, but not limited to, merger arbitrage, convertible arbitrage, warrant arbitrage, capital structure arbitrage, index arbitrage, event driven/special situations, convertibles, private investments and pairs trading. MMCAP holds Supreme Convertible Debentures. Convertible debentures are a type of interest-paying bond that can be converted into shares at a set price. Typically they stop paying interest if and when they are converted into shares. That price is reportedly above .35 INDUSTRY INSIDER Retail investors tend to pay for the party that the insiders are enjoying PAUL ROSEN, FORMER CEO OF PHARMACAN CAPITAL Good article describing how these scumbags companies (specifically MMCAP) sign deals then short the companies once off loading to regular joes and milk retail investors out of millions of dollars and then continue to Rinse and repeat. https://financialpost.com/cannabis/how-a-handful-of-hedge-funds-cornered-cannabis-financing-and-made-a-killing-in-the-process TL;DR : Predatory lenders manipulate stock prices of the companies they've signed deals with- in attempts to continually rip off retail investors like yourself.