zonte metals

Ron that's funny, you know I'm trying to get out of Zonte. When it dropped to 6 cents I purchased some around 7 and 8 cents and sold all of it at .105 cents last week I believe.
I still have some that I want to sell but hopefully at much higher prices.
i am not buying

Bought a small 2000 shares at $0.105, the shorts have to cover at a loss, come on Pasta, join me ...lol...

Another interview with Eric Sprott,



After four years, where are they at and who are those regulators, makes me wonder about our Zonte when a good news will be released, what's next, kind of scary ?

Save Canadian Mining’s goal is to have a securities trading rule known as the “uptick rule” or “tick test” reinstated.

investingnews.com/daily/resource-investi...ct-retail-investors/

I'm wishing the shares price to go over $0.105, guess will have to wait the next news release.

ron, you got your wish pretty quickly. The other platforms have little offers today and yesterday and little bids. They probably have a good short position. I hope they have to cover at a loss this time

Wondering if the share price will print $0.105 or plus today, we need to see momentum ?

Alex, the problem is they don't have to report the short sales. And Ron great find, note this piece.

"Via IIROC:

“The “short-marking exempt” designation is required to be applied to orders for qualifying accounts of arbitrageurs, market makers and “high-frequency traders” that typically generate a high volume and speed of orders on a fully automated basis, may have orders on both sides of the market on various marketplaces at the same time, and that adopt a “directionally neutral” strategy such that generally, the position in each security in the account is flat at the end of the trading day.”

In other words, as long as a firm adopts a “directionally neutral” strategy, such that generally, the position in each security in the account is flat at the end of the trading day, it doesn’t have to declare the short sale."

And if they cannot cover their short sale in a few days, they just shuffle it to another market maker. These are the Canadian Banks, other big brokerage and institutions as well as US market makers. And since they don't report the short sale, the regulators do not know if they have a neutral strategy

Yes Ron, excellent find. Here is yesterdays trade summary, about 40% on other platforms.

RBC did pretty much all the buying yesterday and RBC uses NEO. Another thing they do is split the bid so retail investors do not see actually how big the bid is. This morning RBC is bidding 12.5K and NEO is bidding 12.5K so probably half the RBC bid.

I have only seen this on bids but not offers? It makes the stock look with with less bids

Ron, that was an excellent find, it explains many of the issues. Too bad there was not current data on the amount of shorting, because I am certain it is way higher than it was 10 years ago. Since then US trading firms have come into the Canadian market to take advantage of this and short the hell out of TSX and TSXV stocks.

The US is about 80% to 90% of the trading volume in Canada. Just check volumes on Canadian stocks when the US has a holiday and we do not, you can see the plain truth

Good post Hoss,

Canada’s Stock Market Manipulation and Transparency Issues

Canada’s equities market is like any other exchange in the world. It consists of buyers and sellers that exchange goods – in the case of the stock market, securities. But unlike many other places, Canada is at a major disadvantage. Here’s a look at why Canada’s stock market is failing.

www.equedia.com/canada-stock-market-mani...transparency-issues/

Thanks Hoss, many people will say $0.5 cents no big deal, but if you consider 200M on TSX trading volume a day and 20M on venture, this works out to potentially $110,000 per day on this spread and all done with computers.

Just another way the banks skim money off of people in this Country