Media
Black Press Media Weekly Roundup: Top headlines this week – Summerland Review – Summerland Review
Happy Friday! Fall is definitely starting to make its way into the region, so in case you were busy enjoying the cooler weather this week, here’s what happened in the news to catch you up before your weekend begins.
False B.C. fur farm ban announcement a ‘rollercoaster of emotions’: activist
A fake news release was sent out to media outlets on Tuesday (Sept. 14) morning, announcing that the Ministry of Agriculture, Food and Fisheries was banning fur farms, phasing them out over the next five months and providing support for mink farmers.
But that announcement was confirmed to be false when the real agriculture ministry sent out a memo saying that they are not, in fact, banning fur farms.
Kelowna animal rights activist Amy Soranno said it was a rollercoaster of emotions and that finding out the announcement was fake was upsetting.
“There remain a plethora of reasons why a ban should indeed be implemented for environmental, human, and animal concerns,” she said.
Princeton man calls 911 after restaurant customer is refused breakfast
A Princeton man called 911 on Monday (Sept. 13) after he saw someone being turned away from a local restaurant as the vaccine card regulations kicked in.
Princeton RCMP’s Sgt. Rob Hughes said the caller wanted it known that he was outraged that someone didn’t get their breakfast.
Hughes said the man blamed Liberal leader Justin Trudeau for the country “falling apart.”
COVID crisis puts strain on Vernon hospital: physician
A record number of patients suffering from COVID-19 is straining resources at Vernon Jubilee Hospital, according to a doctor who works there.
He said that in order to take care of and accommodate COVID patients, they’ve had to put non-emergent surgeries on hold.
At baseline, VJH only has 10 ICU beds, with nine COVID patients taking up the beds. The hospital is taking care of around 32 COVID-positive patients and has put the hospital at 30 per cent over capacity.
Okanagan offender Curtis Sagmoen allegedly terminated from LNG site in Kitimat
Convicted offender Curtis Sagmoen had been allegedly hired, then let go, by LNG Canada at its Kitimat site after locals brought forward their concerns about the new hire.
LNG Canada released a statement about the situation after Kitimat’s City Centre Mall was vandalized with the words “LNG Canada hires serial killers.”
Sagmoen has been found guilty of two separate charges involving offences against a sex worker, and he also pleaded guilty to assault in an unrelated incident involving a sex worker in Maple Ridge in 2013.
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New York
CNN
—
Trump Media, the parent company of the former president’s Truth Social, alerted Nasdaq Inc. on Thursday of what the company suspects is illegal activity driving down the price of its shares.
In a letter to the exchange, Devin Nunes, the CEO of Trump Media (DJT), laid out what he believes could be deemed “naked” short selling.
Naked short selling involves someone selling shares they don’t own or have not borrowed. They will often then try to buy shares at a reduced price to cover themselves. This practice is generally illegal. Whereas legitimate short sellers, people who seek to benefit from declines in the value of a company’s shares, borrow the shares before selling.
The letter was made public Friday in a filing with the Securities and Exchange Commission.
Nunes also noted in the letter that shares of the company were on a list the Nasdaq maintains that’s “indicative of unlawful trading activity.”
“This is particularly troubling given that “naked” short selling often entails sophisticated market participants profiting at the expense of retail investors,” he said.
Representatives from Nasdaq and Trump Media did not immediately respond to requests for comment.
The company, which is majority-owned by former President Donald Trump, is down by around 50% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public.
Shares of company have been on a wild ride since.
Although the company is still worth billions of dollars, it is struggling to make money and needs cash. Experts have warned investors to be careful if they choose to trade the stock, because the company doesn’t have the fundamentals to back up its sky-high valuation.
Trump Media lost $58 million in 2023 and made just $4.1 million in revenue.
Shares of the company ended Friday’s session about 9.6% higher.
This story has been updated with additional developments and context.
CNN’s Nicole Goodkind contributed to this report.
Trump Media & Technology Group said it will issue millions more shares, sending its stock plunging again.
The company behind former President Donald Trump’s Truth Social platform said in a Securities and Exchange Commission filing that it is registering the resale of up to almost 21.5 million new shares of common stock issuable upon the exercise of warrants, up to about 146 million shares of common stock, and up to about 4 million warrants to purchase common stock. Certain shares held by insiders may still be restricted from trading until the expiration of a lock-up agreement 5-6 months after the date of the IPO.
New York
CNN
—
Trump Media, the parent company of the former president’s Truth Social, alerted Nasdaq Inc. on Thursday of what the company suspects is illegal activity driving down the price of its shares.
In a letter to the exchange, Devin Nunes, the CEO of Trump Media (DJT), laid out what he believes could be deemed “naked” short selling.
Naked short selling involves someone selling shares they don’t own or have not borrowed. They will often then try to buy shares at a reduced price to cover themselves. This practice is generally illegal. Whereas legitimate short sellers, people who seek to benefit from declines in the value of a company’s shares, borrow the shares before selling.
The letter was made public Friday in a filing with the Securities and Exchange Commission.
Nunes also noted in the letter that shares of the company were on a list the Nasdaq maintains that’s “indicative of unlawful trading activity.”
“This is particularly troubling given that “naked” short selling often entails sophisticated market participants profiting at the expense of retail investors,” he said.
Representatives from Nasdaq and Trump Media did not immediately respond to requests for comment.
The company, which is majority-owned by former President Donald Trump, is down by around 50% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public.
Shares of company have been on a wild ride since.
Although the company is still worth billions of dollars, it is struggling to make money and needs cash. Experts have warned investors to be careful if they choose to trade the stock, because the company doesn’t have the fundamentals to back up its sky-high valuation.
Trump Media lost $58 million in 2023 and made just $4.1 million in revenue.
Shares of the company ended Friday’s session about 9.6% higher.
This story has been updated with additional developments and context.
CNN’s Nicole Goodkind contributed to this report.
Kingston dairy farm over the moon with calf's unique marking – CBC.ca
Big bill comes due for Martin Selig, giant of Seattle office real estate – The Seattle Times
Trump Media warns Nasdaq of suspected market manipulation – CNN
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