RE:RE:RE:RE:RE:RE:CanaccordHedgetrimmer
It is perfectly legal in canda to naked short as all they have to do is to have have a reasonable expectation to be able to settle in 3 days and even if they don't settle, there is at least 10 days before anyone becomes aware giving them plenty of time to cover their tracks.
Only western country that has these very shoddy rules on naked shorting all for the sake of liquidity for the trading platforms and their profits.
Hedgetrimmer wrote: clubhouse19 wrote: They are at 4.8 million selling now...so in 1 1/2 days over 9 million shares sold by canaccord that has been mitigated by being absorbed by the market..A plus if you are looking for positives
Nice work club. I don't like it when Canaccord starts showing up, for me their presence is bad news, but I've been wrong before. Naked shorting a real possibility here too. Imagine borrowing and selling shares that you don't yet exist with a simple note to your broker saying your dog ate the order. Canadian regulators are ok with that.