The lastest IIROC report is now out...
During the last two weeks, the short position has increased from 2,349,981 sold at an average price of $0.12 to 4,890,910 (+2,540,929) with an average selling price of $0.162...
So instead of covering their shorts, they decided to double down...
The $794,311 minimum margin requirements are starting to be very expensive for them, this may explain the many downtick trading that occurred last week... (I did make an official complaint to IIROC, but do not expect anything from that)
Yesterday, I notice that once we touch $0.20, the seller's actions became much more aggressive... they had a very specific goal, forcing us to have a close below the $0.185 tipping point... as this is the technical price pivot point...
I now suspect that the short will resume an active disinformation campaign on social media to discredit what we are doing...
In the hope of shaking the tree and being able to close there position without losing too much..
Hope this information is helpful.
Regards,
Bernard Tourillon
President and CEO