RE:Uncle Carl issues 300 million shares ,stock drops to 7 cents
no whats disgusting is all the shorting that is allowed not only in good times but especially in tough ones during a damn pandemic. The Canadian markets are f'cking awful. I have been saying this for long periods of time and the regulators are the biggest scummy rot that needs to be taken and thrown out for the pond scum that they are. The whole thing needs an overhaul. There have been several people in other stocks looking at isolated trade patterns by the same houses driving prices down and ruining companies ability to do proper raises at higher values which result in overblown of outstanding shares as companies can't realistically do anything beyond equity financing. This is and has remained a huge problem in the public markets which ruin companies that may otherwise be quite successful and is unfortunately the reality of Canadian stocks. One company formerly called sustainable energy and who changed its name to Eguana Tech has been trading for over 20 years going through cycles of dilution over dilution and consolidation never really reaching beyond penny stock level. That should tell people something about our stupid (I am Canadian) stock market system and why lots of companies are fed up looking to get off the Canadian exchanges. Canada simply sucks in giving support to businesses and allowing them to grow and flourish and publicly listed companies are a clear reflection on that. Unless things change drastically in how things are done there will be a lot of bankrupt companies and further still tons the majority of who will never get beyond a penny stock. Unfortunately with such a stupid and useless system full of horrible people looking to turn a fast buck rather than see companies properly grow and flourish people have no choice but to play the same damn game and better learn to take their profits fast and strategically trade otherwise what you get is what you see here and in majority of the places. What a shame. This is why Canada historically is a branch plant country because they can't f'ing give support and sustain home grown industries and there is no surprise when you see what you do reflected in the public markets. That is what sad. A useless antiquated market in heaven only knows how shorting was allowed in the first place which is totally against why the public market was created in the first place and quite the irony. In any case, when I read comments blaming companies and management as though they are fully to blame for the amount of outstanding shares and over dilution I really can't fault them all that much as they operate in such an awful useless structure rigged towards constant trading fraught with constant shorting manipulation of shares downward etc so those who control the market constantly make money every which way at the expense of the company's ability to raise and get adequate funds and shareholders who buy and hold...you can't do that you will get killed and aten alive in such a stupid structure.