First let me describe what I suspect is happening with regards to "trading" of shares of NOT (and other select ROF companies)At any given time there are anywhere from 3 to 10 brokerages( TD,ANON,BMO,RBC,Scotia,Canaccord...you fill in the blanks) whom on a daily basis pass or swap 50 to 100 thousand shares back and forth and around and around at a predetermined price with the intent of making it appear as though the stock should be trading in that range.It's a complex type of "shell game" which makes one wonder WHO is dealing or WHO is keeping score?At the end of the day,week or perhaps month THEY must try to ensure that each house is close to even with their swaps.If they are indeed playing this kind of game is it for the benefit of a larger entity or is it simply a ploy to improve their in-house bottom lines?We all know that the economic climate has been extremely harsh for people in that line of work and only the most aggressive(rabid)of individuals were allowed to keep their jobs as desperate times called for desperate measures."Gentlemen,we have to protect our phoney baloney jobs."-Blazing Saddles.
The part I don't really understand is at what point do they get the opportunity to syphon off a reasonable number of shares(and who sells them those shares?) to make such a ploy pay off?Is it simply a way to exhaust the patience of the "weak hands" that eventually give up and throw in the towel?Is the company playing a part in this game by giving us the "no news-bad news"routine?I am begining to strongly believe that I could be close to accurate with my suspicions.Please tell me where the holes in my theory are and what else might be happening that would explain this strange "trading" that we are witnessing with NOT.
TIA...cs.