You may recall that last week we had some supicious low volume trading going on between 2 brokerages to keep the price down and a lot of upset NOT sharholders on the forum.
Also, NOT is once again on the naked short list in the US - not sure if that includes Canada. Non the less I did send a notice per my post last week, to the TSX and got the following responce. I know it may not mean much but if we continue to see more of the same bull, I urge you to speak you mind. It may at least raise some eyeborws and slow the (*&^*&('s down.
Thank you for your email regarding the unusual trading in Noront Resources Ltd. ("NOT") on the TSX Venture Exchange.
Please note that staff at Market Regulation Services Inc. ("RS") routinely monitor trading and review all instances of unusual trading. As such, this information has been forwarded to a trading analyst for further review. Due to our confidentiality guidelines, we are unable to comment on or disclose any information about any matter being reviewed, and as such, you will hear nothing further from us in this regard. However, please be assured that appropriate action will be taken.
RS exists to develop, administer, surveil and enforce trading rules through the Universal Market Integrity Rules ("UMIR"), in the Canadian securities market. You may find out more about UMIR by clicking on this link: http://www.rs.ca/en/mktpol/umir.asp?... , or by visiting our website at www.rs.ca, then selecting "Market Policy" from the menu options at the top. "UMIR" is the first link shown in the first paragraph.
If you have any further concerns, please do not hesitate to contact us at any time.
Regards,
Olga Wallington Corporate Compliance Officer Market Regulation Services Inc. 416-646-7299 (phone) 416-646-7265 (fax) inquiries@rs.ca (email) www.rs.ca
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