Just continuing with the idle speculation going on...I for one have always been of the opinion that the cancelation is due to something being discussed and/or negotiated....something that may or may not come to fruition, that's my guess.
Just for proverbial giggles let us say, hypothetically, that DM is in negotiations with a BP player. And let us further say that there are parties who are in the know and looking to load up on RVX.
That obviously is just idle speculation, but there are some things we know to be factual.
- We know that volumes are very thin, 3 month average volume on the main TSX isn't even 20,000 shares per day.
- We know that over 50,000 shares have been sold short up to Aug 31 2016 which is over 2 days worth of volume on the main TSX.
Where this line of thinking takes me, combing what we know with speculation....is that IF there was someone or somones who just started buying indiscrimately and driving up the PPS is that RVX could be halted pending a company update on what is going on....That would mean that the someone or someones in my hypothetical scenario, they would be potentially shut out from building a significant position.
Maybe that's why short interest keeps inching up? Not a lot, small incremental jumps that now has the total up to about 2 days worth of trading.