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Terry Lynch Lays The Groundwork For Billion Dollar Class Action To Stop Naked Short Selling In Canada

Posted by AGORACOM-JC at 9:55 AM on Friday, March 29th, 2024

Naked Short Selling has cost Canadian junior mining companies $40 Billion – and that number balloons to over $500 Billion when you include all Canadian small cap companies – according to Terry Lynch.

Terry Lynch is the CEO of Power Nickel and the co-Founder of “Save Canadian Mining”, the small cap stock advocacy group backed by industry giants such as Eric Sprott, Keith Neumayer, Robert McEwen and multiple sponsors who have worked tirelessly and given generously over the last 4 years to conduct research, create reports and meet with key government officials & regulatory bodies … for the singular purpose of putting an end to the devastating practice of illegal short selling in the Canadian small cap market.


A few months back on Black Friday, the team behind Terry grew even bigger and better with the addition of Wes Christian and David Wenger to host a live webcast discussing the problem at greater depth, including new case law that opened the door to holding Broker-Dealers liable for failing to fulfill their “Gatekeeping Responsibilities” of monitoring client trading actions.

Over 1,500 small cap companies and industry participants were in attendance, further demonstrating the gravity of this potential existential threat to Canadian small caps. 


If that Black Friday webcast was the low point of frustration, anger and despair in the small cap world,  today’s Good Friday video is the good news turnaround point (dare we say resurrection?) because Terry and his team have not only discovered the shocking mechanism to facilitate the firehose of naked short selling – but along with it the specific actions now required to be taken by the small cap industry to stop it, including a mass grassroots publicity campaign culminating in a Billion Dollar class action lawsuit.


Save Canadian Mining plans to present this new and final evidence to the Doug Ford administration in order to give them the opportunity to act.  But when asked how much time SCM will wait for concrete action Lynch responded “Weeks Not Months”.

Lynch added “I want Doug Ford to be the hero.  But they have to wake up because we are not waiting” 


In the meantime, the march towards the Billion Dollar class action lawsuit has begun and will not stop.  Lynch wouldn’t provide the names of specific targets for strategic reasons but he discusses why just 10 companies will be needed to begin the class action (3 are already confirmed) and how companies can contact him to round out the slate.


While the class action ramps up, we have put together a plan to mobilize over 1,000 small cap companies and their investors with collateral that has already been drafted and only requires company specific personalization including:

> Letter to shareholders
> Press release
> Social media posts for all platforms for companies AND shareholders

The goal? 100,000 posts

Thank you for now taking the time to watch this video and please be sure to share it with your networks across all of your social media platforms.

VIDEO – Before #WallStreetBets There Was #SaveCanadianMining Who Saved Canadian Small Cap

Posted by AGORACOM-JC at 6:07 PM on Tuesday, February 2nd, 2021
Save Canadian Mining | LinkedIn

On October 1st, the Ontario Securities Commission (OSC) and Investment Industry Regulatory Organization of Canada  (IIROC) issued a press release in which they stated:

“As outlined in joint whistleblower guidance published today, the OSC and IIROC have reason to believe that certain market participants may be engaged in abusive short selling practices.”

and then announced this MASSIVE BOUNTY on predatory short sellers:

“Those who provide information to the OSC Whistleblower Program may be eligible for awards of up to $5 million for tips that lead to an OSC enforcement action.”

What effect has this had on the smallcap markets?  Let’s look at the TSX Venture Index   

On behalf of all small cap issuers, investors and service providers, we’re grateful to the OSC and IIROC for stepping up and putting their foot down.

However, none of this would have happened if it were not for the efforts of “Save Canadian Mining”, the lobbyist/advocacy group founded by Terry Lynch and backed by industry giants such as Eric Sprott, Sean Roosen, Keith Neumeyer and Rob McEwen and 3,000 + small cap investors who wrote the cheques necessary to hire the experts and analysts to help SCM make their case.

As such, if your Canadian small cap stock or stocks have appreciated nicely over the past 2 1/2 months without being hit by predatory short seller attacks, we should all be thanking SCM for their relentless and tireless work.

To this end, we were happy to interview Terry Lynch to find out if this 8 year nightmare is over and what final steps they are hoping to achieve with the Ontario Provincial Government, OSC, IIROC and CSA over the next 90 days to finally put an end to this.   Watch this great interview.