Is evwap volume real, real?
Some background for those not up to speed.
Mark Valentine controls Thomson Kernaghan a canadian brokerage house and investment banker. He trades shares for his hedge funds and clients. Ashton Technology ASTN has a product called evwap. It is used to trade blocks of shares anonymously for the value weighted average price. It is anonymous so people can't front run the stocks and make a few pennies when they see large orders to buy or sell come in.
Mark Valentine is a director at ASTN for UTTC, a division of Ashton. He also runs Ashton Technology Canada for Ashton. He also is the person doing the toxic funding. He is Southridge, TK Holdings, the strawman Jameson and he controls the hedge funds which were in Ashton, i.e. Dominican Fund, TK Holdings, Advantage Fund, Calp II and a few others. He sold his holding companies astn shares in June for $2M plus. Heck, this could be the money he's giving back to the company to get more shares for 50% what htey were worth in June.
Here is the theory or should I say "wild idea." I have been told by others that Valentine wants to control the OTCBB world. That is why he got into FRTI free real time and JagFN JNOT. He got control of these companies through his toxic funding. He shorts the shares to the pennies then gets a majority ownership of the company. He doesn't care if they go bankrupt because he can still run and control them. FRTI gives Valentine access to most online investors in the octbb world. JagFN is a stock promotion site. FRTI is bk but operational. JagFN may be bk, it's temporarily shut down. What better situation to keep people from poking around in his business.
What if Valentine has his own plans for ASTN. What if he wants to add it to his securities empire. What better way to be able to short shares without people knowing who was shorting them. He wouldn't have to worry about his strawmen getting sued as no one would know who was shorting the shares.
What if Valentine agreed to let Ashton trade all of his funds shares in order to get the vwap volume up so they could seem like a real business. Trading didn't start until after Valentine got on board. I'm sure some trading is real traders but Valentine could add tremendously to the volume. In exchange for using the vwap system Valentine gets anonymity. He also gets kick backs. Maybe that is why Ashton invested $1.5M into JagFn when they were worth nothing at the time and a bad investment. Valentine got JagFn for free in a stock swap basically.
What if Valentine uses Jameson to short the shares to the pennies in order to get ahold of lots of shares in order to control the company. He doesn't care if it goes bankrupt even. His buddies Rose Glen Capital who did the last round of toxic funding have a lien of the evwap system if they don't get paid if they aren't issued more shares. They have worked together doing toxic funding deals before. Perhaps they have a deal to hand over evwap for a small token fee if that happens. Then Valentine controls eVWAP and he can anonymously trade shares.
What do you think? Valentine could be controlling the amount of shares that he trades for his hedge funds, investment banking services and brokerage house through evwap to give them the volume they need at the precise time. Notice, evwap volume up when market is down IF astn needs good news that day, say perhaps when a bad report is out, bad news it out, before a FWF, before a shareholder meeting.... Thoughts? |
