Re: A Joke Yes But is it Legal?
in response to
by
posted on
Dec 30, 2010 09:56PM
Focused on the Rice Lake Gold Belt
Patg7123, ..i repost the artical for the information on the turn around time on drill core and to reference other juniors are expierencing the sams delays as we are on the Greens. . The topic here has been a sore point as we see insiders selling our shares ahead of news ( GEOLOGIST ) as we also see Stifel sold 3 million shares this yr with none on the buy side this yr. Did Stifel know that our first drill holes were dry and sell in time before the market took our share price down. I wonder if Sifel was working for some one else. Yes, commission Direct holds over 5 million of our shares so again who is commission direct working for,we can speculate that the Greens including our JV with SAN has seen alot of questionable trading. The Greens share the same backers and create a conflict of uncertanee . I woder if their is not a large short position on our shares at higher prices and buy back on the down side as we have built our share value .Look at the Scotia trading as they sit at the buy and sell for 1.5 cents later, i see they have been negative even though they bought millions of shares. I recall Scotia bought out part of Dundee so again Bay ST. seems to have a handle on things( RBC Capital Markets has acquired full ownership of Commission Direct Inc. (CDI), Royal Bank of Canada said Monday.
Prior to this transaction, RBC had a 50% ownership interest in CDI. Terms of the transaction were not disclosed.
CDI is one of Canada’s largest independent providers of independent commission-compensated investment services (IC-CIS) for Canadian institutional investors.
IC-CIS brokerage companies such as CDI facilitate the payment of qualified independent research and brokerage obligations, commission sharing arrangements (CSA), commission recapture, transition restructures, and discount trading.
Monday’s deal gives CDI the ability to continue to offer professional investors unbiased access to qualified investment decision-making and trading services and plan administrators the ability to save money, RBC says.
“CDI has a long track record of independent, high-quality agency execution, serving the growing needs of Canadian institutional clients,” says John Reilly, head of Canadian Equity Trading, RBC Capital Markets. “We look forward to CDI continuing to develop and distribute innovative new products and services for the Canadian institutional marketplace.”
“This transaction will allow us to provide an enhanced range of services to our client investors, backed by the financial strength and stability of RBC”, said Wayne McAlpine, chief executive officer, CDI. “During our 17-year partnership, RBC has supported and believed in our independent approach, and our commitment to the highest standards of trade execution, administrative excellence and diligent compliance with soft dollar practices.”
CDI was founded in 1992 to facilitate the payment of IC-CIS needs of Canadian institutional investors as well as to assist independent research providers targeting professional money managers in Canada.
..........without prejudice Traps7