Dear George
posted on
Jul 22, 2012 12:06AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
It's not OK that my position in your company is down considerably since the 2008 crisis hit compared to the broader markets considering the value of the product you produce is up substantially. As far as I'm concerned, your lack of living up to your own mantra of under promising over delivering has caused even more harm to shareholder value along with your false notion that you actually were increasing shareholder value where in fact you have decreased it at an alarming rate. Yet your performance is rewarded.
Perhaps you should draft up a letter to the regulators as Jim Sinclair suggests in the interest of your shareholders stating you actually give a damn and you're not going to take it anymore. That would get you more brownie points than making promises you can't keep.
For God's sake man, whose team are you on?
http://www.jsmineset.com/2012/07/21/examples-of-manipulation-for-regulators/
My Dear Friends,
Those of you that cannot get the attention of the CEO of your PM shares to stand up and protect his stockholders from loss due to illegal activity in the shares, remind him that if he remains acting like a beaten victim he is legally liable to you for the losses you are experiencing. Defending you is not writing a letter to the exchange you trade on or the regulator of your company. It is hiring counsel to examine the violation of common commercial codes taking place in which the short sale is only the means of profiting from the illegal acts.
Recent answers from regulators have asked those that that complained about manipulation for examples. There is not a precious metals share that has not experienced trades after the official close at significant price differences. These trades and the dates are good examples to give to answer the question. Please do not accept that it is product of index adjustment trades as that is the cover story for major manipulation of individual issues. The most recent one you are familiar with has been blamed on index adjustment, except the trade was a huge sell and the index event was the stock in question went into the index, replacing four that went out. The index balancing trades, if any, should have been a buy.
Add any and all of the following that you have witnessed done to your company:
They make huge offerings chasing the bid to create and price effect, not seeking to sell volume.
They sell short shares when adopted into an index when a share is elected into the index to get large numbers.
They turn your company into regulatory bodies in the area of your trading and in the country of your operation on constructed nonsense.
They seek authors to write negative articles from their imagination to insult your integrity as a company not only where you work, but also where you trade, publishing them on the internet.
They pay people to adopt a multitude of nicknames to post horrific lies about you personally and your company on internet chat boards.
They have a trading campaign to sell every instance of good news you have then offer huge volumes to scare the bids away, not to sell the volume.
They have a trading campaign to sell your positive closes within the last 30 seconds of the trading day in the same way.
They enter orders with brokers who know what they want to happen in sizes larger than the total average daily trading to sell at the "market on the close" on Fridays.
They trade other exchange listed shares on the NASDAQ out of line with the listed close to skew the closing prices to the negative.
They actually paint the charts with their trading to make your situation less attractive technically.
They make arrangements with the market makers so that delivery is not required on the short for 21 days. In practice the delivery is never.
They sell naked shares from Canada via Canadian brokers, called a jitney, into US markets naked short, hidden by the market maker freedom in a practical sense from having to make delivery.
They take option positions to benefit from the direction of their manipulation.
This is an industry in itself that exchanges, specialists and regulators permit by lack of the technical knowledge of how it is done or by intention.
Sincerely yours,
You!