Post by
Daytrader1959 on Nov 30, 2020 2:51pm
Big trade volume
Weird this stock trades big volumes each day but little change in stock price, usually a half of cent, so why such high trading volume?
Comment by
theTransporter on Nov 30, 2020 3:43pm
MMCap, since they are now considered an insider, must report all transactions. I haven't seen anything from them on Canadian Insider so not too sure your theory of them trading this is accurate. But thsoe guys probably know ways to hide their transactions.
Comment by
Method on Nov 30, 2020 3:54pm
They may not have to file on SEDI. Probably just on SEDAR within 10 business days of every month.
Comment by
brentkostaa on Dec 01, 2020 8:16am
Ive never seen a naked short report.
Comment by
Method on Nov 30, 2020 3:52pm
so they are long 90m shares and are naked shorting? Are you saying they are short over 90m shares?
Comment by
brentkostaa on Dec 01, 2020 8:40am
why would they need to be net short? Why cant they maintain their long position, soak in interest payments twice a year, and then short sell daily?
Comment by
Method on Dec 01, 2020 8:54am
It's not shorting when long. It's just selling. More likely they lend their shares out and collect extra interest from those who might actually be shorting like yourself or another fund against the debs. There are lots of legal ways to make money without assuming they are breaking the law after the OSC is publicly paying more attention.
Comment by
brentkostaa on Dec 01, 2020 10:32am
oh i dont think its at all complicated. MMCAP has been financing the cananbis sector or years, playing both sides. There is ample evidence of that.
Comment by
Method on Dec 01, 2020 10:38am
Exactly. I'm glad you could answer your own question as to why they agreed to refinance the debentures.
Comment by
brentkostaa on Dec 01, 2020 10:48am
Review the exchange. Tell me what point you have made?
Comment by
Method on Dec 01, 2020 12:38pm
You asked why MM agreed to refinance the debentures. I said because they finance the sector and don't want to bankrupt a company. You said, MM has been financing the sector for years.
Comment by
brentkostaa on Dec 01, 2020 1:43pm
Method and John, https://financialpost.com/cannabis/how-a-handful-of-hedge-funds-cornered-cannabis-financing-and-made-a-killing-in-the-process So you are saying that this has not (and is not) happening?
Comment by
Method on Dec 01, 2020 4:29pm
I think it happened and I think it happened to Supreme but since then regulatory scrutiny has gone up significantly and the stock price is in the pennies. The economics for the strategy fall apart when the eequity is worth so little while the regulatory risk increases exponentially. There is a lot more money to be made from the interest on the debs alone.
Comment by
Lou793 on Dec 01, 2020 9:58am
Good volume already - stock running - no news - HMMJ down - maybe investors looking at smaller cap cannabis stocks that look to be righting their ship.