Reconnaissance Energy (Africa) Ltd V.RECO

Stock is Under Distribution

[Oregonduck]

Tecnical indicators based on On Balance Volume and A/D.

Insiders and others may be selling large blocks of cheap shares in small increments using Anonymous sellers.

Mostly, they may be "shorting against the box" or shorting the shares that they owned. This will lock in their profits and getting out without spooking the market in filing the insiders report. They will deliver the shares to their brokers to close off the shorts when the time comes.

They may also be shorting against the exercisable options and warrants. Once exercised, the shares will offset the shorts.

[jimgeorge]

Taking any position, including shorting, in the market on your own company shares must be reported as an insider transaction.  Can you show insider trading data to back up your fairy tale?

[Oregonduck]

Under IIROC: To wit: "..,This Rules Notice provides guidance on the marking of orders pursuant to UMIR to include “short sale” and “short-marking exempt” order designations.  Any order to sell a security which the seller does not own either directly or through an agent or trustee must be marked “short” at the time of entry to a marketplace.  An exception to this requirement is when

[CoreyB]

You are so laughable, try harder to bash the company because I am not sure you could top literally inventing excuses like this one.  Insiders shorting their own positions in order to hide their sales of insider shares...best post on SH to date.