RE:Volume today 2.5 million !!!Dumont,
2,558,436 shares traded yesterday.
You do recall that NanoXplore was delisted yesterday from the MSCI Canada Small Cap Index and that the index investments funds managers and their high net worth clients were busy as little bees for the past month slowly dumping their NanoXplore shares to one another in order to drive the share price down and realize a ROI from selling short NanoXplore shares; all this whilst crystalizing losses for their respective high net worth clients during this tax loss harvesting season and cycling new clients into their respective prearranged NanoXplore positions today.
"The smart money" already covered their respective short positions and have already repositioned long NanoXplore.
Everyone else remaining short NanoXplore will likely have some brief time to drop, cover and roll before they have their respective maintained GRA.T short positions and the very leveraged capital they are utilizing ultimately entirely carbonized, so to speak.
Even though NanoXplore is commencing it's "NCIB" today, perhaps the company wouldn't necessarily have to dip it's NCIB hand into the market waters today?
Perhaps other reinforcements (e.g. B. Riley Securities, some of the officers and directors, Investissement Quebec, CDPQ, Martinrea International, etc.) would be taking the lead and seeking to initiate the SQUEEZING of any remaining GRA.T short sellers relatively lightly and gently at first.
Perhaps 10% upward right at market open today would be a mere final warning for any foolishly remaining NanoXplore short sellers.
Although, I have to say that I would much prefer that a 50% gap upward of the GRA.T share price be enacted at market open.
Ooh! Wee! Now that will have the remaining GRA.T short sellers aggressively chasing the NanoXplore share price upward.