Diversified Royalty Corp T.DIV

Alternate Symbol(s): BEVFF | T.DIV.DB.A

Consumer Cyclical Auto & Truck Dealerships

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in acquiring royalties from multi-location businesses and franchisors in North America. It owns Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the quick lube service business in Canada, with locations across Canada. AIR MILES is a coalition loyalty program. Sutton is a residential real estate brokerage franchisor business in Canada. Mr. Mikes operates casual steakhouse restaurants in western Canadian communities. Nurse Next Door is a home care provider. Oxford Learning Centres is a franchisee supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services in the United States. BarBurrito is a quick-service Mexican restaurant food chain.

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Diversified Royalty Corp > I have 2 questions

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Comment by Shirtlessnomoreon Nov 04, 2021 12:19pm

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Post# 34087244

RE:RE:RE:I have 2 questions

Yes that is exactly what's going on.

TickerTwit wrote: If you see this a lot, send a note to IIROC with timing details and suggest a layering scheme might be operating. It's their job to investigate. They won't, but we should report anyway.

The last time I reported (stock was CHW) I gave them three days of history that were quite clear what was happening (dissolution of large orders into sequences of 100 to draw share price away from anyone trying to fill a sizable order). The scheme was still active days later, so IIROC did nothing.

If anyone doesn't know how the scheme works: Someone with an on-exchange-premises server sees your order come in, modifies a 'bait' order (far more than 100) to leave 100 at the price you saw and pulls the rest one cent away (before your order is filled by the exchange), hoping you'll chase after the new price. You modify your order to a penny worse, but only get another 100, and this repeats for as long as you keep chasing. "Someone" is actually a program, because it needs to happen faster than a human can do it. And it's illegal in Canada.

Your local library might have "Flash Boys" by Michael Lewis. It describes front-running and other details of certain trading scams.

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nedstar71 wrote:

Shirtlessnomore wrote: #1. What the fvck is up with the new posters here with new accounts posting false information here? #2. Anyone else notice that up until early afternoon today every single time someone bought into the ask at 2.79 someone sold 100 lot block into the 2.78 bid holding this at 2.78 for hours? Cheers DIV shareholders!

It does seem odd. The posters and the trading. It just took me three days to fill 10,000 shares at $2.79.