Good thinking, Kevin. Controlling the situation by means of a box is quite evident.
I wonder at the ethics of some of the brokerages. Yorkton, for example, has been most helpful to this company at various stages of its developments, has a representative on its Board, and yet has been most aggressive in knocking down the price of BII shares by one means or other from time to time. Where is the ethics in that situation? Using the box, it and other brokerages artificially control the price, as you have pointed out. Is that ethical so far as BII (its client) is concerned? And what about the interests of their other clients who are investing in BII, perhaps even at the recommendation of the same broker? Is that ethical?
Everyone likes to bash lawyers, but if a law firm acted in an analogous fashion in respect of one of its own clients, there would be hell to pay when that was discovered by the regulatory body for lawyers.
Sorry for the rant, Kevin. I'm not attacking you, as this post may sound. Rather I am only trying to express my disgust at what I am seeing here. There have been many similar situations. In the end, we shareholders are the ones who pay the price for these games.
Doesn't keep me away, though.
M. |
