would like to agree but.. options cannot these days be offered below the current price levels.. the other side contracts arranged with Rose and Sutcliffe were not quantified but were presumably pretty lumpy.
Even rich people like to have jobs. And, even better, jobs with high pay, options, side contracts and no particular downside risk. They joined with the company (apparently) on the verge of implosion. If they succeed in keeping it alive then they will claim the credit. If not they can legitimately claim that there was nothing they could do. Remember their job is not be nice to shareholders (although that would be nice) it is to run the company. If that means dilution of equity to raise capital then that is what they will do. The board would probably decide that they would be offered new options at the dilution price.
Diggedy, I do admit that I haven't spent a lot of time thinking this one through, but wouldn't they just have to declare Settlement Dates between themselves just like other traders do? You'll gather that, despite nearly everyone on here calling me Prince Shortcake and the like, I don't really have a lot of knowledge about shorting because my brokers won't allow it. I don't get all this "borrowing" of the shares and suchlike. It's just a very general overview that I've got, nothing more.
"""So, we're down from a peak of over 130p just over a week ago to 80p today. What's that, about 70% fall?"" Stop playing the Simbin games and get back to school. And this time try learning maths..... (We would be at 39p for a 70% fall)
@Rocal...another great one! Spot-on again! It's raw gambling as you say...and belongs in the bookies not the stock exchange. All the guff ...about bringing essential liquidity and providing a checks and balances function on errant stocks....is the same analogy as vigilantes being essential to the Police and Justice System. If we had fit for purpose regulation and enforcement....that would be enough...as well as the market forces of price mechanism. ATB.
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