New Found Gold Corp V.NFG

Pattern\

[jimmymac]

Selling against the box is a maneuver used to supply shares when the market is rising,, thus allowing
market makers to support during setbacks. A tried and true strategy. The selling under the ATM has 
been brutal;, as dhe shares being flogged indiscriminately come from the treasury, and never provide
downside support.. Short sale artists are taking advantage of this pattern, intensifying the downtrends
for two years now. It is not clear whether the BMO ATM deal will be renewed, as management's only
comment is that this matter will be announced officially when the decision is made. If renewed, 
another lengthy period of dismal openings is in the cards. Pity the minority shareholders.
The constant overhang is brought to light when on the opening any given day the ask figure is always for a boardlot more than the bid. Our interests are not being satisfied; without the ATM the shares
would have been trading at $7.00 CDN.,by now, and brokers would be competing to be the manager for,a bought deal.

[nozzpack]

Excellent summary of why the share price has swooned over the past two years despite excellent exploration and development data. It is clear that management are a large part of the problem here, the price of equity financing having been turned over entirely to the shorts by the  ATM  financing model. They know exactly what is going on here yet they do nothing to change the status. One