I would prefer he just resigns. If he hasn't bought shares by now, I don't know what will compell him to do so.
Hard to say whether the current slide is a function of Pirie, operations and/or redemptions or any combination, but he has to go.
When he was hired his stated goals were to improve shareholder value and promise less and deliver more. He has failed miserably at both and also failed to deliver on guidance in back to back years without any warning shots fired our way even though he knew full well months in advance.
Perhaps this is just business as usual in the shady dealings of high finance gambling which ultimately squeezes the retail sector dry with impunity.
I imagine the margin calls for the month should end in a few days. May slow the steady leak out of Stonecap.
| House Positions for C:SGR from 20130211 to 20130226 |
| House |
Bought |
$Val |
Ave |
Sold |
$Val |
Ave |
Net |
$Net |
| 20 Stonecap |
540,000 |
173,819 |
0.322 |
4,957,000 |
1,752,494 |
0.354 |
-4,417,000 |
1,578,675 |
| 83 Mackie |
20,000 |
7,400 |
0.37 |
2,495,900 |
876,808 |
0.351 |
-2,475,900 |
869,408 |
| 2 RBC |
7,899,559 |
2,883,724 |
0.365 |
10,160,237 |
3,549,766 |
0.349 |
-2,260,678 |
666,042 |
| 80 National Bank |
1,838,780 |
617,856 |
0.336 |
4,062,468 |
1,734,772 |
0.427 |
-2,223,688 |
1,116,916 |
| 1 Anonymous |
13,627,281 |
4,858,737 |
0.357 |
15,404,850 |
5,534,270 |
0.359 |
-1,777,569 |
675,533 |
| 59 PI |
271,500 |
95,130 |
0.35 |
1,672,562 |
571,335 |
0.342 |
-1,401,062 |
476,205 |
