RE:RE:RE:RE:RE:Pssst FYI ... Ninepoint Energy Income Fund – Series F UnitsTheWokeLemming wrote: What's worse is he is cutting the legs out of the energy sector for all investors with his flip flopping. As his reputation goes into the dumpster, his influence wanes and he makes the whole Canadian energy sector look like a ponzi scheme, driving away investment. It makes his whole thesis look like a get-rich quick scheme. If I'm an investor in his "top picks" I sell before his next appearance on BNN from fear of another flip flop.
A lot of Canadian energy companies are just that, Ponzi schemes. Sadly, the ASC as a Regulator does not enforce the rules, therefore why should anyone else be concerned about the pump and dump mentality in the Canadian securities market. As for Insiders working together and taking advantage of the Markets, look no further back than the Daylight Energy and Poseidon Concepts fiascos and the connected folks between the two.
I know both stories very well as I was involved in uncovering both scams. Sadly, when it came to Poseidon Concepts, the ASC initally refused to investigate until my friend in Colorado went to the SEC with Poseidon's computers, then the ASC had to get involved.
Kherson