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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Comment by lovehockeyon Jan 04, 2024 1:14pm
113 Views
Post# 35810855

RE:RE:Shorts having to pay the dividend

RE:RE:Shorts having to pay the dividendIn general you are correct. However I learnt about fake shorts with another stock and no longer do I  trust published numbers of short shares. What happens is two washtrading partners (lets' call them Partner A, Partner B and Partner C) do the following: on a slow trading day Partner A borrows millions of shares and sells them to  Partner B, sometimes it happens on obscure exchanges. Then Partner B can sell these shares to Partner C and Partner C can sell these shares back to Partner B at the same time creating fake volume as well as lowering the prices of shares. Technically these millions of shares are shorted but in reality not really. They can always cover as Partner B or Partner C (or combination of both) can always sell the shares back to partner A at any price they want. Such technique kills several birds with one stone when the stock is washtraded. They control the direction of SP fluctuation, they increase the volume, they increase number of inicated short shares to the public and perhaps several others. That is why you can't really trust as the schemes become more and more sophisticated. 
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