RE:RE:short closedZephyr wrote:
general360 wrote: finally posted, looks like our "new friend" closed the pos'n...
| ATLAS SALT INC. | SALT | TSXV | 142993 | -2198700 |
The PP participants did not short the shares.
The short report over that period was off due to a top-level reporting requirement to report the PP that way as a portion of the PP that was supposed to close on the 15th was unfunded and held open until it closed on the 19th/20th.
That's why the IIROC short report doesn't roll from Dec 31 to the 15th and from the 15th through January 31st when you add the short activity over the respective 2-week periods to the prior closing balances.
Thats why the large chunk of shorts reported disappeared at January 31st. The PP became fully funded over that period and the participanting brokers reversed their required reporting.
It was a reporting quirk. The PP shares were not shorted.
100% correct. That's exactly what happened.
Buying at a 20% reduction to a very recent PP which itself was discounted is a great opportunity - if you have patience. But with so many impatient small investors it may even drift a bit lower.