If there are wash sales happening, anyone doing that would be caught out easily. Manipulating a company with as many shares out as we have would require one extremely wealthy person with numerous corporate identities (still easily caught), or several participants with a plan (and a lot of money, and much more difficult to catch).
The easiest way to trace this is to see who it is that is dropping us so hard in the premarket. Start there, and the trail will, if it is there, become clear. For us, its a question of getting someone with the license to examine this to have a look.
I have to take Carib's point as being as likely to be right as mine. I do think, however, that the issue bears scrutiny, and I think we ought to do what we can to limit share availability to the shorts.
3 comments:
I thk it is very good to sound out all parties especially those in the head office. It is certain no shareholder likes it. Believe should there be any semblance of suspicion, our big shareholders will not be unconcerned. In this type of cat and mouse matter, we need connections from the connected
I share your view to drum it up.
Is this where a "poison pill" needs to be implemented by the BOD to counter any hostile takeover?
Dennis, Fredericton
Hi Dennis
Quite interested in this "poison pill" idea you mentioned. How does it work? Can you elaborate?
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