,Naked short selling has emerged as a significant threat to Canadian small-cap companies, costing the sector an estimated $1 trillion, according to Terry Lynch referencing a recent Globe & Mail article. This alarming statistic underscores the urgent need for reform in the Canadian market. Lynch is not only at the helm of Power Nickel but also the driving force behind “Save Canadian Mining,” an advocacy group committed to protecting small-cap stocks. The group boasts support from industry heavyweights like Eric Sprott, Keith Neumayer, and Robert McEwen, all of whom have contributed their time and resources over the past four years to combat the detrimental effects of illegal short selling.
A History of Advocacy
In the last year, Save Canadian Mining has organized major webcasts to shed light on these issues. The initiative kicked off with the Black Friday event in November 2023, featuring experts Wes Christian and David Wenger. They discussed a groundbreaking New York case where broker-dealers were deemed liable for failing to fulfill their “gatekeeping responsibilities” in monitoring client trading actions.
This was followed by the Good Friday video in March 2024, during which Lynch and his team uncovered the alarming mechanisms facilitating rampant naked short selling. They outlined actionable steps regulators could take to put an end to these practices, galvanizing thousands of small-cap companies and investors to join the cause.
Recent Developments
The outreach efforts have not gone unnoticed. Following the substantial interest generated by these videos, Save Canadian Mining secured meetings with key officials in the Ontario Provincial Government. This momentum led to a strategic pause in the campaign to allow for potential regulatory reforms.
However, a recent legal filing in the Supreme Court of British Columbia has revealed troubling evidence of collusion between banks and regulators aimed at suppressing the truth about these illicit trading practices. This documentation includes:
- 12 Years of Data
- 166 Exhibits
- 3,631 Pages of Evidence
The findings suggest a “pattern consistent with the definition of organized crime,” amplifying the seriousness of the situation and the need for immediate action.
The Big Push
As the campaign gears up for a class-action lawsuit against one of Canada’s major banks, Save Canadian Mining is mobilizing hundreds of small-cap companies, their investors, and vendors. A coordinated social media campaign is set to amplify their message, making it impossible for banks, regulators, and government officials to ignore the growing demand for fair markets.
Lynch and his team are not just advocating for change; they are actively calling on investors to engage passionately on social media. An exciting announcement has been hinted at in the latest video, which includes an Easter egg that active participants will surely want to discover.
Conclusion
The time for action is now. As Save Canadian Mining embarks on this significant initiative, it invites everyone—investors, small-cap companies, and industry stakeholders—to share their message across social media platforms. Together, we can push for a more equitable Canadian market that protects investors and ensures a level playing field.
Let the Big Push begin! Thank you for your support and for sharing this vital message within your networks.