Joe identified the shorting years ago. Long before anyone understood how hedge funds were working DMX, he had it down.
More recently, pre-AGM, a few traders thought they saw the pattern re-emerge. Since the beginning of September 63,468,343 DMX shares have traded. The most recent prospectus lists 83,462,759 shares outstanding as of 14 October 2004.
Meaning 3 out of 4 shares have traded. Extraordinary volume - enough to make one think 7,285,341 million DMX warrants had been traded. Not. They're still out there, more's the pity.
"This might be a time to consider moving herself offshore as
opposed to her shares. The OSC's dilligence is to be
commended - why it's still the same decade."
LOL! Toothless, spineless and slow: the OSC. The SEC's gormless little brother. The same people that gave us "iceberg trading" and "Anonymous"? If we tried, we couldn't have found a better way to hide who's trading what.
A disapproving slap on the wrist, read with tears of helpless laughter? An insignificant fine? More likely, nothing.
If the RCMP gets involved, the story may be different.
Jim |
