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Bullboard - Stock Discussion Forum BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HROZF | HZOZF

HOU¿s investment objective is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.

TSX:HOU - Post Discussion

View:
Post by Birdog11 on Mar 02, 2021 12:25pm

NEVER FORGET

A year ago in JUNE 2019 the HOU share price was around 7.50$, 1000$ equivalent to taday's price with a WTI price of 60$/barrell, and this ETF stole investors spliting down the share price to an equivalent of .85$  of June 2019 price with the same 60$/barell WTI.
And now they didn't manage to split up the shares price to make it more attractice
Never forget that robbery
Comment by diond75 on Mar 12, 2021 3:25pm
Yeh a lesson I'll never forget. Lost $20,000 my buddy lost another $30,000. Where the $uck did our money go ? There was rumours of a lawsuit but I never heard back about it. Anybody have any luck getting anything back from these crooks ?? 
Comment by diond75 on Mar 13, 2021 11:15am
Found the class action lawsuit. Not much happening except they've filed the suit. Waiting for the day in court. Hoping we can get a few $$ back. Likely pennies on the dollar once it's all done. 
Comment by Birdog11 on Mar 15, 2021 10:45am
Thanks for the news. Hoping too it will go somewhere positive for us...
Comment by Derpster on Apr 02, 2021 10:37pm
I'm assuming this all happened when oil went negative? Is that not the risk of things? 
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