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"Alaris Royalty Corp is engaged in investing in operating entities. Its operations consist primarily of investments in private operating entities, typically in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, loans receivable, or long-term license and royalty arrangements."

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Alaris Royalty Corp > IMPORANT: Alaris Short report news is FALSE

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Post by BayStGuy2 on Sep 03, 2017 3:19pm

IMPORANT: Alaris Short report news is FALSE

I work in capital markets in Toronto and have some Alaris shares, so thought it was important to let everyone know what I learned.

I had drinks yesterday with someone from Alignvest. They've been short Alaris for years now. They are a hedge fund and don't publish public reports. This is an unauthorized leak by someone - didn't get details, but probably someone they shared their report with to make it seem fresh. Literal short manipulation to get the market riled up.

I wouldn't believe people on the internet either, but there is a way to prove my claim.

I checked the short interest that is updated biweekly, on my Bloomberg - most recently it showed 3.96% of float. Wait another 1-2 weeks before next release and I think you will likely see very minimal change, which means no new institutional short position was added.

This means the 400k volume that you saw on the down day Wednesday were retail investors selling/shorting the stock on panic and FAKE NEWS.

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Comment by maypeters on Sep 03, 2017 6:53pm

Thanks BayStGuy2. Interesting. The sheep get fleeced again. I have been checking the short interest and I did not see a huge spike either but thought that maybe the report was to take advantage and shake the tree in light of the lull in summer season before labour day long weekend. Some comments from folks (not on this board) who saw the report did not mention an older date on ...more

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Comment by babedinkleman on Sep 03, 2017 7:19pm

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Comment by BayStGuy2 on Sep 03, 2017 10:03pm

Would just add that I don't think it was the actual firm that had any hand in this because they are livid from what I hear. It could be someone trying to scoop some. Shares aren't too liquid and have been volatile. Would be curious to see source of where report came from... who specifically leaked for what purpose.

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