Fun to see that It's funny to see Anonymous "trying" to cover its short position this morning, while the borrowing rate increased from 0.25% to 8.01% in the US, from April 23, 2024 to today. For the same period on Canadian soil, this rate increased from 0.75% to 6.5%. At the most facilitating brokerage house in the industry, for short selling, the balance of shares to borrow is now 0, as of this morning.
This increase in the borrowing rate is perfectly consistent with the regular presence of Robex, for some time, in the Fails-to-Deliver reports published by the SEC. I deliberately avoid talking about the incomplete reports published here in Canada, a laxity that encourages destructive activities.
Those who have been wondering for years about the stock market valuation of Robex have the answer. Those who wonder about the comments out of touch with reality, published here, now have the answer.
In addition, don't be fooled by fake activity that involves placing orders from one account to another, to make you believe that things are moving. The low liquidity of the stock may annoy you, that's normal, but it's a lesser evil. For a short seller, this low liquidity is truly the worst nightmare of all, unable to cover their short position, while borrowing costs burn through cash.
That said, keep your shares, while time takes care of the rest. From now on, the balance of power is in your hands.