Mr. Sculpin, as usual we disagree.Since what I posted were mostly stats from the TMX website, I’ll presume you feel my dishonesty derives from my statement that St. Elias’s short position is insignificant.If other companies have short positions in the millions and it’s considered normal market activity, why should we believe it’s not normal market activity for a few hundred thousand shares to be shorted against St. Elias? Is every stock with a short position the target of a conspiracy or is it just this one?
How you define the term “tightly held” depends on whether or not it has any bearing on the short position.If you define “tightly held” as stock held by people who buy more at every opportunity and intend to hold until a final buy-out, then this would have no bearing on the short position.Any shares held in margin accounts without delivery of the physical certificates and with no outstanding market orders against them are fair game.And there’s no way to know how many shares there could be.
Because St. Elias has such a huge retail base, I would bet that very few longs are holding their St. Elias shares in margin accounts, so I would bet the amount of shares available to short would be very limited.
As for intent to push the stock down, Sculpin, can you prove it happened or is it simply what you want to believe?You state the Market Makers have taken advantage of the shareholders here, but investment relations at the TMX told me there are no Market Makers on the Venture Exchange.So if this is, in fact, all a conspiracy to rob the shareholders of St. Elias, would you kindly provide the name of Market Maker assigned to V.SLI so that I may phone them and verify what you claim.Thank you.