FormerXBC Inc XEBEQ

Naked Shorting

[Ciao]

XEBEF short position increased about 800K in the 2 weeks ending March 31.  The shorting volume itself would be 800K in those 2 weeks, I don't think the total volume (looking at Stockwatch.com) was at the most 300K. That has to be naked shorting.

SHORT INTEREST

DATE	SHORT INTEREST	% CHANGE	AVG. DAILY SHARE VOL	DAYS TO COVER	SPLIT	NEW ISSUE
03/31/2022	4,566,056	21.29	68,320	66.83	No	No
03/15/2022	3,764,519	-5.77	44,183	85.2	No	No

On the TSX the short volume had decreased about 280K for the 2 weeks ending March 31.  

Overall the net short position increased about 500K in the 2 weeks ending March 31. I wouldn't be surprised if the SHORT was still increasing it's position in the first week of April to mitigate the recent rally brought on by the $100M USD MOU and Investor's Day highlighting the 3 year strategic plan (with guidance for 2024). Naked shorting is illegal in the U.S.A.

Obviously the SHORT is desparate to keep the share price depressed, esp. at any rally attempts and is doing so in what appears to be illegal naked shorting.

Hang on to your shares, the share price continues to be distorted and manipulated to keep it in deep value territory.

[AlexDonovan]

Are you joking, or am I misunderstanding? Every datasource I see shows over 1MM in daily trading volume over the past 10, 20 day period. 

[RandomMaker]

XEBEF Volume Date Open High Low Close* Adj Close** Volume Apr 11, 2022 1.6700 1.6700 1.6300 1.6400 1.6400 3,900 Apr 08, 2022 1.7000 1.7300 1.6700 1.6800 1.6800 5,200 Apr 07, 2022 1.7200

[Ciao]

Thanks to RM for posting OTC trade data. For the 2 weeks from March 16th to 31st, 410,800 shares traded and the short position increased by 801,537. The data shows more shares were shorted that what traded. Perhaps someone could explain that if it's not related to naked shorting.