Sellout on AAT means scoop

Whats a sellout?,,,,How has it affected the AAT share price after rollback?
Simply, a sellout in the penny market is caused when an account falls victim to the ire of the compliance officer for the firm. Unofficial margin is given to players,based on a combination of factors…diversity in holdings,stability in history,clients ability to pay and history of account, seniority of account broker among others. A rule of thumb maximum is 1/3 credit of total market value. When a different stock falls drastically in price, the officers duty is to keep the firms exposure at a minimum. Canadian securities law is like our banks. they give no quarter which protects other investors in the end. It is a good rule…but very very harsh. Bids are mowed down. one after another until the entire portfolio is sold to cover the losses in another stock
Marketcents has learned that a long time shareholder has run aground, financially speaking. About 375000 post consolidation shares or almost 2 1/4 million pre split shares were sold to the highest bidder. The 15c level was shattered down to 12ish. Great for the shrewd buyer…sucks big time for the seller…but the market takes no prisoners. Let it be a good lesson to buy only what you can afford
Press time shows 500 shares offered at 13 1/2c. I am unable to get the offerings up to 15. but am sure they are similar. There cannot be much paper here at 12c (2c). Scoop scoop scoop

royrogers
www.marketcents.com