There are a number of options for today's aggressive selling through Anonymous and this from discusssions with others.
Could be:
- still could be Canadian tax loss selling as there is the possibility of a fast settlement but few know this
- US based seller for tax purposes and using Cannacrap and who is trying to hide through Anon
- some have speculated that Cannacrap is playing around
- heard talk that maybe TD/RBC/CIBC hedge fund gang trying to force selling on a normally slow and illiquid day to buy cheaper and I note lots of buying of cheap shares today by Anonymous and BMO
- a margin call requiring sale now for month end settlement is a possibility and the way the stock was sold suggested someone in control other than the seller
- a natural seller but this seems unlikley because there was no attempt at any kind of best price action and unlikely they would sell down all the way from .85 cents to .68 cents without a good reason when the stock was well bid and especially on what is usually a quiet day
Not sure what the real answer is but I can state there is no fundamental corporate reason and I suspect the stock is now in stronger hands as I bought some myself and so did a few others I know. Gifts like this at Christmas should be embraced especially given the outlook for ECU going forward plus what could be a real strong rally in gold/silver over the next 3-4 months.