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Message: ITG Trading
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Hi Everyone,

It has come to my attention that some posters on Stockhouse have started commenting about the trading done lately by broker ITG.

While I am must admit that I am perplexed by the trading pattern of ITG lately, I have no information on the reasons for there trading choices.

What I can confirm without a doubt is that it is not Fancamp that is selling through ITC, as they own no shares of HPQ since the end of 2017.  (Fancamp January 31, 2018, statements Financial statements clearly stated that)

My best guesstimation on the this is that some traders may be positioning themselves assuming that we are not able to secure project financing... But if that is the case, let me just quote once again the words of the great PK Subban "Good luck with that"...
 
But let not get too crazy about the importance of the shares sold by ITG, and this is why I decided to look at the house position movement over the last three months (From February 1, 2018, and Friday) as poster Goodlife22 claimed we should do only to discover that ITG only sold 768,000 shares of the 19,464,147 shares that have traded during that period at an average price of $0.099...
 
That is a lot less than the 3 Million shares stated as a fact by Goodlife22 ...
 
FYI please find below:

House Positions for C: HPQ from 20180201 to 20180525

House Bought $Val Ave Sold $Val Ave Net $Net
88 Credential 941,800 93,366 0.099 93,940 9,266 0.099 847,860 -84,100
143 Pershing 702,781 68,405 0.097 10,195 1,016 0.10 692,586 -67,389
85 Scotia 2,520,698 247,207 0.098 1,891,654 186,610 0.099 629,044 -60,597
9 BMO Nesbitt 1,534,901 151,230 0.099 1,057,303 106,017 0.10 477,598 -45,213
19 Desjardins 1,310,050 128,658 0.098 999,080 97,826 0.098 310,970 -30,832
79 CIBC 1,137,176 112,430 0.099 893,208 87,091 0.098 243,968 -25,339
124 Questrade 210,960 20,922 0.099 74,000 7,975 0.108 136,960 -12,947
7 TD Sec 4,120,611 412,196 0.10 4,072,530 411,688 0.101 48,081 -508
99 Jitney 1,175,500 115,710 0.098 1,139,000 117,042 0.103 36,500 1,332
53 Morgan Stanley 46,100 4,611 0.10 12,000 1,140 0.095 34,100 -3,471
57 Interactive 16,030 1,674 0.104 0   16,030 -1,674
59 PI 15,000 1,449 0.097 0   15,000 -1,449
58 Qtrade 136,300 14,011 0.103 123,000 12,030 0.098 13,300 -1,981
25 Odlum 12,500 1,250 0.10 0   12,500 -1,250
28 BBS 95,500 9,725 0.102 85,500 8,610 0.101 10,000 -1,115
22 Fidelity 8,201 916 0.112 1 0 0.00 8,200 -916
39 Merrill Lynch 10,985 1,003 0.091 8,000 870 0.109 2,985 -133
94 Hampton 86,134 9,474 0.11 86,134 9,474 0.11 0 0
74 GMP 0   1 0 0.00 -1 0
36 Latimer 25,598 2,408 0.094 29,830 2,906 0.097 -4,232 498
48 Laurentian 0   8,250 767 0.093 -8,250 767
13 Instinet 59,000 5,789 0.098 71,500 7,510 0.105 -12,500 1,721
33 Canaccord 0   17,750 1,597 0.09 -17,750 1,597
80 National Bank 748,420 74,618 0.10 818,051 77,695 0.095 -69,631 3,077
83 Mackie 0   150,000 13,500 0.09 -150,000 13,500
89 Raymond James 10,000 950 0.095 176,210 18,195 0.103 -166,210 17,245
2 RBC 1,886,036 187,067 0.099 2,255,627 226,318 0.10 -369,591 39,251
14 ITG 30,100 3,016 0.10 762,818 68,209 0.089 -732,718 65,193
1 Anonymous 2,628,766 253,085 0.096 4,633,565 447,818 0.097 -2,004,799 194,733
TOTAL 19,469,147 1,921,170 0.099 19,469,147 1,921,170 0.099 0 0

I will leave you guys to come up with reasons why Goodlife22 made such a BIG false statement...

In conclusion, while it is a fact that 19 million shares were sold at average price of $0.099 over the last 3 months, it is also a fact those 19 million shares were purchased at an average price of $0.099 by investors looking to generate a profit on their purchases...

Regards,

Bernard Tourillon
CEO

 

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