Gatekeeper Systems Inc V.GSI

Fidelity??

[IDLE_ii]

Snapping up shares as usual. Do they know something we don't know??

[checkup]

This post has been removed in accordance with Community Policy

[RogersBulll]

Could be. Not sure what brokerage or clearing house that RedCloud firm uses.. I looked in to it already. I remember when ITG was hired in late 2019 they only accumulated shares for a large period of time. Nowadays, they buy and sell odd lots and when needed. Just speculation at this point though until we figure out who their clearing house is. Might be worth emailing the RedCloud company and

[davewho]

the NR said the Company has retained Red Cloud Securities Inc. (“RCSI”) to provide market stabilization and liquidity of the Company’s shares listed on the TSX Venture Exchange, subject to regulatory approval. RCSI will receive $5,000 per month for their services which may be terminated with thirty-day notice. There are no additional performance factors, shares, or options offered as compensation

[davewho]

ELE also added RCSI a couple days after GSI. Same deal if someone wants to track their trading pattern since. Elemental Royalties Engages Red Cloud as Market Maker (newswire.ca)

[RogersBulll]

I had a look at the trading since the news release on June 7th and Fidelity is also the highest net buyer there in last couple weeks. Hmmmm, could be a coincidence. Not nearly as many shares.    House Positions for C:ELE from 20210607 to 20210623 House Bought $Val Ave Sold $Val Ave Net

[davewho]

thanks Roger good DD. Looks like they have been on both the buy and sell side of ELE. 

[RogersBulll]

I emailed RedCloud asking who they use. Not sure I will get a reply, but if I do, it could help clear things up on who the buyer really is. Hoping they say it is not Fidelity. GLTA

[RogersBulll]

Couple more examples and they all have Fidelity as a large net buyer. Seems less coincidental now.  TDG.V hired RedCloud June 11th House Positions for C:TDG from 20210610 to 20210623 House Bought $Val Ave Sold $Val Ave Net $Net 22 Fidelity 101,500 45,227

[Pandora]

I believe I mentioned this before but just in case - Fidelity serves as a Clearing House for some smaller players. One example is Echelon Wealth Partners. I use Echelon and all of my trades go through under Fidelity.