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Correction Their selling to themselves, Not much difference between CIBC and BMO the visa and mastercard logo is almost indistinguishable.
The Brokerages have been doing this for a month now. At some point they may decide the risk reward ratio goes the other way and cover the short position. Just waiting for news on the Trader deal and the next earnings report.
A short is illegal under $5 a share. your information here is miss informed