RE:RE:RE:RE:It may be difficult One last thing....
Were any trading rules broken in September before the September share issuance. If the shares were not issued to September 26, is it possible that all the borrowed shares used in the short were actually lent . Put another way, had any naked shorting taken place ? Should a complaint be filed with the securitiy commission ?
11,000 short trades in first half of September (about a million shares a day). If the
shorters took three days to pay the shorts, then they would need to borrow, on average,
3,000 shares on any particular day. If E3 had only issued 65,000 shares, this would be mean that
someone had lent 5 % of the issued shares to the shorters on any given day.
Same question for the period from September 16 to 25.
I think the short sales listed are based on TSXV records. Were short sales taking place on the alternative markets as well ?