Canadian Member of Parliament, who represents the Timmins-James Bay riding in northern Ontario, Charlie Angus, has officially thrown his hat into the ring for leader of the New Democratic Party, something he had been publicly mulling over recent months. Though Prime Minister Justin Trudeau's Liberal Party went on to win a dramatic victory and gain a sweeping majority in Canadian Parliament, just months before the 2015 federal election, then NDP-leader Thomas Mulcair was reported by the CBC to be leading polls. More than one observer would seem to have hopes of a new NDP leader who can pull together the support of a grassroots movement, similar to that enjoyed by U.S.
Senator from Vermont Bernie Sanders during his 2016 campaign for Democratic presidential nominee.
The Huffington Post has stated that Charlie Angus "could be the Bernie Sanders of Canada." The Hill responded days later, stating that "Charlie Angus is no Bernie Sanders." The post contends that Sanders' success, though he did ultimately bow to former Secretary of State Hillary Clinton, tapped the energies of voters who are "perceived to be anti-establishment." Angus' steadfast support of indigenous communities, and his vocal narrative with regard to issues facing First Nations' people in Canada, as Indigenous Affairs critic, is beyond reproach. The Post notes Angus' "punk rock roots."
How likely is a Charlie Angus NDP leadership win?
The Canadian politician has posted several videos of himself playing with his band, the Grievous Angels, and others, in locations like Kirkland Lake, Ontario, an isolated northern Ontario mining town located in Angus' riding.
The town has been featured by Blasting News in the series "The penny stocks of Kirkland Lake," the first installment of which offers instructions in "How to fleece an elderly person, or anyone else, of their life savings and leave them none the wiser." The fourth article in the series quoted Charlie Angus with regard to him having "consistently led on the issue of flow-through shares," which appear to provide tax incentives to companies, or revenue-less speculations, to issue low-quality stock, seemingly suitable for the inventory of boiler rooms operated by the likes of convicted shysters like Jordan Belfort.
Blasting News has made Mr. Angus' office aware of the situation surrounding seeming missing stock consolidation adjustments on the price charts of companies that take part in the flow-through share program championed by the MP. Blasting News has compared the errors, which occur almost solely with consolidations, rather than splits, to stacking a deck of cards, and noted that, as a group, the issuers of stock, chart providers like BigCharts and Stockhouse, and the TSX Venture Exchange, can get split adjustments correct, and that it is in their favor to do so, but that when it comes to consolidation adjustments, when "mistakes" go against the investing public, error rates north of 5 percent appear to be the norm.
What would Bernie Sanders say?
A full report on this issue includes a list of 95 companies with price charts for stock that appear to be missing consolidation adjustments, which could be used to mislead a wide range of investors, including elderly parents or grandparents. A PDF copy of the report is available at StephenSinclairWriting.com. Though Mr. Angus' office has been made aware of the report, a response remains elusive. Is the Canadian MP aware of the losses suffered by investors in many of the stocks with missing consolidation adjustments? What does he think of the plan to protect small, retail investors from stock distributors who benefit from the flow-through share legislation, selling stock that goes on to lose the majority of its value, by renaming the stock of revenue-less companies to speck, and equity to speculity, acting as a red flag to at-risk investors, while allowing business activity to continue, or possibly even increase, with improved transparency, honesty, and investor confidence.
