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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: ECU: IMO, this is how this "official" short/naked short saga will play out
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BTW, Check out the leftover offers of CIBC(79) from yesterday's close.
6 separate orders all placed after 15:42 EDT--merely 18 minutes to close.
The blatant manipulative, systematic suppression never ceases to amaze, even with a merger around the corner. There is no way these are "long" sales, seeing that it would be ignorant to show so many offers. These orders remain pre-mkt at 7:35am EDT this morning(see below). Stunningly, there remains no indication of any attempt to cover yet.
FWIW, my understanding is that after the "official" approval on 8/31 by the regulators (and following the ECU/AUMN vote count/approval on 8/30), the last day of trading for ECU is 9/2. Theoretically, accounts should receive the newly issued AUM/AUMN shares on 9/5. Being a holiday in U.S., it might not show up until 9/6 for U.S. accounts.
In regards to the unwinding of the "official" and "unofficial (naked) short position, I'm sure some corrupt Bay/Wall St. firm has been making arrangements for weeks to bail out their "short" client by recruiting institutional shareholders with large blocks of ECU who are willing to sell for some premium above the otherwise-converted value into AUMN. In other words, the crossing price is some premium above the close on a specific date.
CIBC/Jitney protect their client by continuing to pound the stock lower and make sure it does not gain any upward momentum.
My guess is that the block will cross at the close of 9/2 and CIBC will be the complicit partner in crime. Any bets?
Any buyers still around might want to cause a little havoc and purchase near the close 9/2.
Silverbull50
T:ECU Market Book By Order 07:35:03
Bid Ask
Spec Time Broker ATS Size Price Price Size ATS Broker Time Spec
08-25 15:33 22 T 7,000 0.61 0.62 5,000 T 79 08-25 15:42
08-19 10:16 1 T 3,000 0.60 10,000 T 79 08-25 15:43
08-19 10:20 1 T 5,000 20,000 T 79 08-25 15:44
08-19 10:24 9 T 10,000 10,000 T 79 08-25 15:46
08-19 10:55 7 T 20,000 7,000 T 19 08-25 15:50
08-22 07:37 7 T 2,000 10,000 T 79 08-25 15:52
08-22 10:06 7 T 4,500 20,000 T 79 08-25 15:56
08-22 15:35 7 T 100,000 0.63 3,000 T 1 08-25 15:11
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