Bear Hug It is obvious that Cantex is under a bear attack and/or massive dump by some large sellers. The stock is in a free fall. They were hitting the bids at the close all this week without showing their real hands. The stock looks to break sub-$0.10 next week.The circus is in town and the freak show will continue.
Under Canada's loose regulatory regime, naked shorting is not enforced. Traders can literally short a stock to zero with no reporting, pre-borrowing and uptick rule requirements.