The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Sharpeye, true, but 1% of the company is around 27,500,000 shares, so any short below say for 27,250,000 would not have to be declared..
Very good point JiffyBag. Shorts of over 1% would have to have been publicly disclosed and over 5% disclosed to the company, so any shorts that are out there (If there are any) they are stupid, but not huge.
Plenty of info re JUB Capital out there , but No information whatsoever, other than rumours and on this BB , that JUB actually shorted EUA.
Where is it?
Adam ‘Spikeyj’ Dziubinski?
I for one would be happy for them to lose everything they have,House,cars,Wife the whole shebang.....But hey that's just me...;-)
Nice work Gecko! Does anyone know how the bankruptcy process will work for Jub? Can the three partners/owners/directors be held personally responsible for the debt, i.e some form of illegal dividend or can they walk away relatively unscathed?
2 Chancers
Jub Capital Management LLP
New Member Firm
With effect from the start of business on Monday 13 January 2020, Jub Capital Management LLP ("the firm") will commence trading as a member firm of the London Stock Exchange.
The firm will trade in UK and International Securities and will settle its business through a settlement agreement with Global Prime Partners Ltd.
Hi
what will be a settlement agreement ?
Will any one know why a founder/ director of GPP resigned in April?
Interesting comments here on Jub Capital and the way in which they operate (operated). If true then I'm glad karma is finally catching up with them. No more parties for the broker boy!
https://www.guerillainvesting.co.uk/2020/01/02/open-letter-to-aaog-finncap-nomad-who-the-fk-are-oxford-energy-ltd/#comment-14099
Hello Saxonaxe
I think you are correct , the Chinese think London Palladium is a more Pure derivative arso we have the London Palladium :-)
You must have the patience of a saint gfd..you will feel the benefit when you filter it.
Research is your friend Glaw, then you will see why experienced, knowledgeable, genuine members here feel that £3-£3.50 + is very possible here.
I think the intended word was "speculated" . Makes sense then.
Now - what a lovely afternoon and looking forward to some action tomorrow!!
It would be a great shame if any of you posters choked on your dictionaries before the golden egg got laid!!
I personally think that the figure of 2-3 billion will be revised upwards quite considerably. Not sure if it will reach the levels rowka has suggested (which would of course be excellent news) but from all I have read there is more value to come. Getting someone to part with the cash might be slightly trickier but that valuation is way too low in my opinion.
Glaw. Bit simple but the pence per share value you mentioned yourself, answers your own statement
Approx 2.7b share in issue, eg sale price £2.7b equals £1 per share. Minus fees etc obviously.
With some of the great research shared on here we all know with rising precious metals prices, the in ground value is beyond $20b.
Rns are available for review
Well its not worth 2 to 3 bill try 20 to 30 bill its not rocket science
Can't find any evidence of this short, but assuming it exists.....brokers neck on the line. Hope they have taken security, O/W broker may need to pay up.
Thanks for the link Anders.
GLA
The saying is 'buck' actually! ;-)
*book
Mac, the default rules are listed page 92 onwards, but we need a lawyer to interpret.
https://docs.londonstockexchange.com/sites/default/files/documents/rules-lse.pdf
- Broker loans to Jub (could be their own shares or someone else’s)
- Jub doesn’t have funds available to close, goes bankrupt.
- There will be terms somewhere that govern what happens in this scenario, but if the broker loaned shares that don’t belong to them then boom must stop with them I think.
It's all very interesting Anders, i wonder exactly how their default procedures work for this type of thing -
"Member firms should ensure that no further settlement of their on Exchange transactions with the defaulter takes place. This is to ensure that the unsettled transactions, which will be covered by the Exchange’s default procedures, are not separately settled."
It makes you wonder even more about the long CFDs that appeared last week, are they part of the exchanges default procedures or are they something else?.
If the people spreading totally false information about Eurasia were/are part of them, then i have absolutely no sympathy for them, and it will only make victory taste that little bit sweeter imho.
GLA
Mac it’s possible. Perhaps the outcome of the meeting on 7th will determine next steps. The broker might find out an indication of what money is available for them, but no doubt there will be others chasing money too, it will likely be split between creditors.
“The Designated Members of Jub Capital have instructed Sterling Ford to take the necessary steps to place Jub Capital into Creditors’ Voluntary Liquidation. The Designated Members have proposed that Philip Anthony Roberts of Sterling Ford be appointed as Liquidator to Jub Capital, this proposal is to be brought to a meeting of members to be convened for 7 August 2020. The Exchange has subsequently been in communication with Jub Capital and the proposed Liquidator with regard to the firm’s unsettled on Exchange trades.”
https://financefeeds.com/jub-capital-management-gets-declared-defaulter-london-stock-exchange/
...and Religion. :)