RE:RE:Predatory Short Sellers Going Down....Interesting I mentioned earlier that Mark Purchased the Texmont property from an estate of a Shark who after shaking his hand, you needed to count your fingers to make sure they are all still there (as well as any rings you may be wearing).
What happens when the sharks in question are the very people we use for financing? I'm sure we've all been in the situation where you go to see one of your high school friends only to walk in on them when they're badmouthing you infront of other people? It seems like our financing partners only care about themselves and make money on both the deal commission, the run up before the deal, and the short sale after the deal!
If There's ever a class action let me know. I'll be the first in line!
Take this comment from Ceo.ca
@StopRunner @00bluesky There has been a lot of fear in the market since the financing close. That said the stock was rubbing after the Anglo announcement until scotiabank showed up with the iceberg short sale order around $2.09. The Scotiabank $1.77 financing really killed the excitement, it was also a 3/4 week process to close. My opinion it could have ran back to $2.40 if not the Scotia financing. We can all complain as retail that just looks at the share price but Mark Selby is the CEO of a public company and also had to he responsible to ensure they have enough cash to keep going and pay existing debts. The Anglo money alone was not enough. I would have them rather let it run and then try and take flow through at a higher price but I am sure scotiabank was very demanding and will probably cover the stock in the future with a buy recommendation. @StopRunner @00bluesky There has been a lot of fear in the market since the financing close. That said the stock was rubbing after the Anglo announcement until scotiabank showed up with the iceberg short sale order around $2.09. The Scotiabank $1.77 financing really killed the excitement, it was also a 3/4 week process to close. My opinion it could have ran back to $2.40 if not the Scotia financing. We can all complain as retail that just looks at the share price but Mark Selby is the CEO of a public company and also had to he responsible to ensure they have enough cash to keep going and pay existing debts. The Anglo money alone was not enough. I would have them rather let it run and then try and take flow through at a higher price but I am sure scotiabank was very demanding and will probably cover the stock in the future with a buy recommendation.