This guys are truly amazing. How long has their show been running now? Two years non-stop? They should taken their show to Broadway. They seem to have access to an endless supply of shares. What is it, net sales of 20,000,000 - 25,000,000 over the past 2 years? I think pretty much all of those shares were sold below the current $.28 share price, and a significant portion was below $.10. They seem to love hitting the bids and getting the worst possible price.
I have no idea where they got that many shares from. Most of the shares have been accounted for from PP's previous to this year, for example:
*Scion - they sold primarily during tax loss periods, and I do not recall Canaccord picking up a significant number of those shares
*Wega - their selling is vividly embedded in my mind (ugly period). Canaccord and Anonymous were anything but buyers. In fact, they piled on with the selling, in a massive way - almost as if someone was trying to break the company.
*The New York PP - almost all of those shares were sold by the NY investors directly to Peggy and Ross via a private transaction
*Late 2007 and early 2008 financings - we saw most of those shares sold by GMP, and we didn't see Canaccord making purchases
The only financings unaccounted for since 2005 are the $.13 - $.14 financings earlier in this year. It's not clear if Canaccord got their hands on any of those shares.
9 comments:
Prod 05 you speak for all our frustration with this. I haven't commented very much before so I wish to say thanks to you for sharing on this board all the DD you work through.
If possible P5 or Carib could you please post trading stats at the end of the day? TIA.
Hi Rhump, what are you looking for? House positions? I can supply those. Carib and P5 do alot for us already, would like to take some weight off their shoulders. Let me know if there is anything else you are looking for and I will see what I can do.
Here are the house positions for today:
7 TD Sec 740,900 202,017 0.27 426,400 116,292 0.27 314,500 -85,725
9 BMO Nesbitt 146,500 41,897 0.29 3,000 870 0.29 143,500 -41,027
88 Scotia iTRADE 310,000 84,709 0.27 199,500 54,775 0.27 110,500 -29,934
79 CIBC 188,500 52,218 0.28 105,000 29,075 0.28 83,500 -23,143
124 Questrade 74,000 20,072 0.27 0 74,000 -20,072
80 National Bank 41,500 11,205 0.27 9,000 2,430 0.27 32,500 -8,775
19 Desjardins 22,600 6,102 0.27 0 22,600 -6,102
81 HSBC 3,500 980 0.28 0 3,500 -980
85 Scotia 182,900 50,078 0.27 193,000 52,567 0.27 -10,100 2,489
6 Union 900 247 0.27 15,226 4,106 0.27 -14,326 3,859
62 Haywood 0 15,500 4,465 0.29 -15,500 4,465
22 Fidelity 0 20,000 5,600 0.28 -20,000 5,600
99 Jitney 93,000 26,074 0.28 121,000 32,397 0.27 -28,000 6,323
83 Research Cap 11,000 3,060 0.28 47,000 12,690 0.27 -36,000 9,630
43 Caldwell 0 38,500 10,595 0.28 -38,500 10,595
15 UBS 0 40,000 10,800 0.27 -40,000 10,800
1 Anonymous 235,500 64,376 0.27 318,000 87,990 0.28 -82,500 23,614
2 RBC 179,826 47,877 0.27 273,000 73,009 0.27 -93,174 25,132
33 Canaccord 10,000 2,700 0.27 416,500 115,951 0.28 -406,500 113,251
Carib, when you get the chance (no rush, it doesn't have to be today or this, just whenever) could you let us know what the updated net sales are for Canaccord and Anonymous dating back to January 2008.
The "2009 Trading Summary Report" has almost 24,000,000 net sales for Canaccord and 7,200,000 net sales for Anonymous over that time period. That was up to around May 8'09 though.
I wouldn't be surprised is the net sales number is 27,000,000 - 30,000,000 range now for Canaccord and in the 9,000,000 - 10,000,000 range for Anonymous.
Holy crap! Century's total outstanding shares were 180,000,000 or below for the majority of the timeframe. The net sales for Canaccord combined could be close to 40,000,000. It means the net sales alone for those 2 categories for that time period is over 22% of Century's total shares.
It's not just the number of shares sold either. It's the way they sold those 40,000,000 or shares. It seems on almost every sale they hit the bid price, which ended up giving them the worst possible price on their sale, and subsequently ended up squishing share price momentum.
It's unfortunately that the TSX and the OSC don't crack down on stuff like this. It is why the Canadian securities environment comes across as being a completely sham, IMO. It's not perfect in the US either, but at least the SEC often go after the white collar crooks. They don't seem to have a problem tossing people in jail. IMO, the people in charge of the Canadian systems don't want to deal with controversy so they pretend that none of this exist.
We may have to begin a letter writing campaign (with some data included) to the TSX-V and the OSC if this continues. Maybe put some large scale pressure on them to act.
For the new people, the "2009 Trading Summary" report can be found to the right. Thanks to Carib for preparing and posting it. It shows net sales by house for 2008 and for 2009 up to May 8th.
For the new people, the "2009 Trading Summary" report can be found to the right. Thanks to Carib for preparing and posting it. It shows net sales by house for 2008 and for 2009 up to May 8th.
Hi Glorieux:
Many thanks! That is what I was searching for. Carib once in awhile puts the days trading stats on the side, when we see unusual trading patterns from Cannacrap and Anomynous. I appreciate your efforts. We will see what tomorrow brings from Cannacrap. Best wishes, Rhump.
What's Peggy going to do when Century moves to the TSX big board. Peggy consistently struggles to deliver the financials within the 60 window for TSX-V companies. On the big board, the window is only 45 days. Yikes!
Once Lamaque demonstrates its production capabilities then Century will likely get moved to the big board. Finskiy and Scola will have to give financial statement responsibilities to someone else and move Peggy into strictly a deal making role (that's where her best skills are anyway).
Communicating financial results to the market at the 11th hour (or after the deadline) will not cut it with fund managers or the TSX.
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