Most of the shares traded yesterday were by TD as they completed a large cross to a client buying ECU. The short was already covered as per the short report date and this was done with stock issued in the financing as per standard Baystreet hedge fund operations. As stated by others here the Anonymous selling is Blackmont repositioning clients post financing and mostly the same with TD. It would appear the bulk of the TD is done, not sure about Blackmont.
This has caused some collateral damage as people are confused and not sure of the why's and wherefors. I note the Loewen sale yesterday for 400,000, might have been a retail towel thrower from ignorance but could also be for lots of other reasons unrelated to ECU fundamentals or trading actions.
I am presently more positive on ECU than ever before that the path chosen is in all our best interests given market and monetary issues. When silver companies finally start getting in the ground valuations reflecting fundamentals and ECU gets away from the financing issues and shows the mill running and money being made, it will look very very good.