Home > Boards > US Listed > Cannabis > Sundial Growers Inc. (SNDL)

" The following taped conversation illustrates this

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
keekee Member Profile
 
Followed By 108
Posts 4,097
Boards Moderated 0
Alias Born 09/29/11
160x600 placeholder
Sundial Files Early Warning Report Issued Pursuant to National Instrument 62-103 PR Newswire (Canada) - 10/20/2021 7:00:00 AM
Sundial Files Early Warning Report Issued Pursuant to National Instrument 62-103 PR Newswire (US) - 10/20/2021 7:00:00 AM
Sundial: Alcanna Acquisition a Step in the Right Direction TipRanks - 10/12/2021 6:44:33 PM
High volatility in Sundial Growers Inc. stock price on Friday which ended trading at $0.68 StockInvest.us - 10/8/2021 8:10:05 PM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 10/8/2021 7:31:48 AM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 10/8/2021 6:02:17 AM
Sundial Growers to Acquire Alcanna for $346M; Shares Jump 16.7% TipRanks - 10/8/2021 5:26:19 AM
Sundial Growers to Acquire Alcanna Inc. PR Newswire (Canada) - 10/7/2021 6:00:00 PM
Sundial Growers to Acquire Alcanna Inc. PR Newswire (US) - 10/7/2021 6:00:00 PM
Latin America, Not US, Spearheading Advancements in Global Cannabis Markets NetworkNewsWire - 9/28/2021 8:45:00 AM
SKYMINT Acquires 3Fifteen Cannabis and Completes Concurrent $78 Million Financing From SunStream Bancorp and Merida Capital, Solidifying its Position as Michigan's top Cannabis Cultivator, Manufacturer, Retailer, and Employer PR Newswire (US) - 9/21/2021 10:44:00 AM
Sundial Files Early Warning Report Issued Pursuant to National Instrument 62-103 PR Newswire (Canada) - 9/21/2021 8:00:00 AM
Sundial Files Early Warning Report Issued Pursuant to National Instrument 62-103 PR Newswire (US) - 9/21/2021 8:00:00 AM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 9/20/2021 11:09:32 AM
Sundial Launches First Canadian Caviar Cone Under Top Leaf Brand PR Newswire (US) - 9/16/2021 8:00:00 AM
Sundial Launches First Canadian Caviar Cone Under Top Leaf Brand PR Newswire (Canada) - 9/16/2021 8:00:00 AM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 9/1/2021 5:06:04 PM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 8/13/2021 6:01:45 AM
Sundial trades 3% lower in after-hours on releasing Q2 results. Seeking Alpha - 8/12/2021 5:43:48 PM
keekee   Wednesday, 10/21/20 12:10:59 PM
Re: keekee post# 367
Post # of 8574 
" The following taped conversation illustrates this
type of coordination. On June 17, 1994, a market
maker (Market Maker 1) in the common stock of AES
Corp. (AESC) had an order to buy a quantity of
AESC stock. Market Maker 1 entered a bid of $18
1/4, a quarter point above the other bids in the
market, to attract sellers. Another market maker
(Market Maker 2) had an order to sell AESC stock.
Market Maker 2 called and asked Market Maker 1 to
lower its bid because Market Maker 2 wanted to pay
less for the stock it was buying (as the
counterparty to the order to sell that it had received.

MM 2: I just seen [sic] you go 1/4 bid. Without like
going through a whole bunch of, you know, **** **** I
know I got a bunch of these for sale at the opening. I
would rather buy them at 18, if you know what I'm
saying. If there's a ticket to write, I will write it
with you [meaning I will sell some AESC stock to you if
you are looking to buy some].

MM 1: There absolutely is a ticket to write.

MM 2: OK.

MM 1: I can make a sale at the opening myself.

MM 2: You can?

MM 1: Yes.

MM 2: OK, so.

MM 1: As long as it's -- I can go down . . . .

Trading records indicate that Market Maker 1 dropped
its bid price to $18. Market Maker 2 proceeded to
purchase 8,000 shares of AESC stock at $18. In the
meantime, Market Maker 1 sold 16,700 shares at $18 1/2
to its customer, of which 7,500 shares were sold short.

Market Maker 2 subsequently sold 6,500 shares to Market
Maker 1 at $18 1/4. Market Maker 2 injured the
interests of the seller by asking Market Maker 1 to
lower its bid price so that Market Maker 2 could pay
$18 per share, rather than $18 1/4 (a difference of
$2,000 for the entire trade). Market Maker 1 was also
a participant, since it changed its bid at Market Maker
2's request, to create a deceptive appearance to the
market, and made it harder for th

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences