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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Statistically Significant Shorts
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Post by TenneseeOil on Jun 29, 2021 11:13am

Statistically Significant Shorts

So this is really fascinating because last night I was talking with a few different people who are RECON Stock Holders. Apparently there are multiple people who have been submitting relatively large and small blocks of of buys in Recon that were attempted but not filled. This has been occurring regularly.

Anyway, these individuals have compiled a list of screen shots, print outs with time stamps during regular intervals showing their orders not being filled although the Volume seems to have been adequate enough. I think their fill rate was like 13.7 % during certain periods. The Orders are Limit and they have to be. 

Here is the part that I found to be really cool. They are doing the same thing with stocks of similar size and volatility. I think about 4-5 different companies. They are getting filled at the rate of something like 87% 

I have not seen the data myself nor do I expect to. But we are talking about literally thousands of data points from many different Brokerage Accounts. I'm not a but one of them is or close enough and he put the Probability of this kind of event happening at about .0001. I don't know this stuff.

I guess one of the people works for a drug company and another guy worked for the some branch of government doing research. I tried to look up like P Values and Probability and I'm too dumb to really understand this stuff.

However, I did grasp that the this data is time stamped, dated that there are records of these attempts in the brokerage histories that are being sent to the SEC and whatever other regulators. Apparently the odds of these Mathmatical events are so remote to happen naturally that researchers would determine that it is considered impossible due to chance alone. I guess the manipulation is "Statistically Significant" so I guess its like a middle school experiment.

At the Very Minimum the Regulators would now have a statistical comparison to ask MM's about. 

I think the fascinating thing is going to be the sheer amount of data points. I mean I think I see patterns all the time I guess all humans do. If I really saw them I wouldn't be posting on this board.

They also said something about a monte carlo simulation. I'm guessing that has to do with gambling. I don't know...

All I can say is that for the first Time in my life I took to twitter last night. I saw Viceroy's Grand Poobah Himself (Who calls them self the Grand Poobah lol) I realized Twitter isi just a giant AOL/Prodigy chat room... I can't believe I didn't know this!!! 

All they had to say to increase stock price IMO is
(The AOL/Prodigy Chatroom for the 21st Century) It was interesting to see some Geologists and Oil people turning the short report into Swiss Cheese in a public forum. RECAF seems to have a very passsionate stock holder base.
Comment by TenneseeOil on Jun 29, 2021 11:31am
I think this is reaching the point where an investigation will have to be initiated just way too much smoke around whomever is behind this. I'm pretty sure the SEC and it sounds like Canadian authorities are now looking for a fall guy. In addition there was a discolsure that over 50% of the shares of this company are now being held in hands of US Investors. Maybe it always was. IDK... but ...more  
Comment by teheran10 on Jun 29, 2021 11:34am
Anyone correct me if I am wrong, probably I am, but this kind of manipulation of not filling the orders but showing the volume as 'filled' can ONLY be done via TSX.V insiders. It would be highly improbable to see it with multiple brokers not getting filled. I have never seen it either but it definitely, if it is true, is a criminal activity. I would not be surprised if TSX is hacked for ...more  
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