2 EventsI have zero doubt the system is rigged in favor of large institutional investors and against the retail investor.
Two examples that come to mind:
GameStop -- remember that one; when a bunch of retail investors decided to pile onto stocks that were heavily shorted; only to have regularors step in and restrict trading to help lessen the losses against the large institutional investors.
Nickel spot price -- in this case, nickel prices went from about $11/lb to $22/lb within hours. Again, large institutional investors were rescued when regulators stepped in to stop trading...allowing those who were short to cover their positions without driving the prices up further.
You can add in naked short selling and other tricks carried out by these same large institutional investors. Anyone who has invested in the junior resource sector has witnessed, time and time again, of Private Placements being carried out at a time the stock seems to be breaking out, only to have the stock move back to the price of the PP.
Since I began trading in 2006, I've had about 1/2 dozen stocks go to zero; some on the verge of some big deal with the Chinese; or some on the verge of going into production; and some having gone into production at a bad time in the market.
It's the risk we take...especially in the junior space.
As a going concern, FNC is well positioned with cash on hand, income from dividends and interest payments, and a portfolio of stocks that could be liquidated at will.
Of all the junior stocks I currently hold, this is the one with the best potential...in my opinion, despite all the risks.