RE:RE:RE:RE:RE:InsightYou claim you have watched BIR for several years and that the stock has been manipulated yet it is one of the best performing stocks on the TSX since the pandemic. So has it been manipulated to increase the price or decrease the price?
Let me give you some insight on how this works. The OSC has no jurisdiction over BIR, it is the Alberta Securities Comm because they are domiciled in Alta. IIROC has very sophisticated surveillance software to monitor trades and trading, and raises flags when there are irregularities which are passed on to the securities commission of jurisdiction. You claim to have uncovered years of price manipulation using your own system while the monitoring and surveillance systems of IIROC have failed. Can you provide examples of what you have observed over the years and how you arrived at these conclusions? I would say NO.
As for your conclusion that insider trading occurred leading up to the .20 dividend hike, you can go back and check my post which I will provide here:
October 09, 2022 - 01:04 PM
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Post# 35014871
RE:BIR Director Debra Gerlach Joining Peyto Board
Good find. Her 5 K purchase was at 10.50 so a little below where we are now. That is encouraging given the 13th is coming fast. I think BIR will be taken private as opposed to doing a merger/acq. Tonken has taken the position of raising the dividend after the debt is gone as opposed to other companies like PEY. He is on record as saying the debt will be paid off early in Q4 and that they will have about 200 mil in cash! He is also on record as stating that the dividend will be at least .80 cents/yr The threashold is $70 oil and $3 gas to maintain the .80Cents. With well over 80% of sales of their gas in US $$ and totally unhedged. Will make for an interesting Thursday, I plan to buy more.
BIR announced that their guidance would be made public on the 13th October. Everyone and their dog knew that. People like myself speculated that this would be good news whether in the form of a div hike or other goodies and I bought more. I subsequently sold some after because I bought on margin from profit I already had on cheaper purchases of BIR.
I don't have energy for this rhetoric so this will be my last post on this nonsense.