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Message: Re: IGD insider trading
8
Feb 03, 2016 07:26AM

I see that there is AMENDED filing for those trades on Canadian Insider. If this is another reporting irregularity, it would be consistent with the several reporting irregularities we discovered in SLI in which were corrected at later dates. I believe the regulators see 1 or 2 mis reportings as mistakes, but if it becomes common place and a habit is made of it, as it seemed to be in SLI, then it becomes an offence that was to be detered by regulators enforcing discipline. We never saw any public reprimands on Lori,s trading issued by the regulators.

As for the selling in IGD, yes, someone had to sell those shares he bought, which was a considerable amount. You would think, if all was good with IGD, that there may not be that many shares for sale, especially on or before a news release. If Peter is acting as a PO/MM for the stock, he is required to be registered with the Exchange.

I should add here, that it is possible that some of the sells that Peter bought, could have been company employees selling their options theyb received at lower prices, as a source of income for them. This is how it usually works in the markets and a big reason why companies have MM,s to assist in perpetrating fraudulent manipulation of stock prices. There is no "fair" market because of the existence of the provisioned MM,s in the markets that CONTROL the prices of stocks. We witnessed this truth in the orchestrated take down of SLI , executed by many washtrades involving several big banks, of which most, own the TSX. Out of 7.2 million shares traded in SLI in one day of the orchestrated takedown, only 618,000 shares actually changed hands, the rest, of around 6.5 million shares, was just passed back and forth between banks working the stock price as low as they could get, with most likely recorded short positions that saw these banks raking in handsome profits from the shorting, at SLI shareholders expense. So, these MM,s took control of the stock price then and created a fraudulent illusion of everyone selling, when in fact, hardly anyone sold. This is a deceptive practise allowed in the markets by MM,s , now how is that fair or just?

4
Feb 04, 2016 07:05AM
4
Feb 04, 2016 11:27AM
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