The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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EB, Dave.
Thanks
Lucky me....makes a change.
I doubt very much any broker could/would lend your shares without a stock lending agreement. As i mention before all certs were sent out to registered owners when we delisted , therefore if you were using a nominee name your broker would have the certs but only for a total holding in their nominee name. There would be no splitting facility to give each individual holder a certificate , this would be done by a registrar , which we aint not got...currently. If we relist those certs would be returned to the new registrar to credit accounts as per nominee name. those holders that were certificated holders prior to delist would then hopefully have their certificates already. I suspect the only shorting done on FRR would be by CFD's and not equity trading. not sure what would happen if we are paid a dividend and what that would cost the short CFD holders ?? if anything.
Fre - As you're with ii, you don't need to worry about your shares being shorted. I'm also with ii and checked with them some time ago. They don't do shorting. I understand that the same goes for HL. Don't know about other brokers.
Odr....you just gave me a thought.
Have you put a sell price on your shares to stop someone 'borrowing them' to short frr.
I haven't.
Large holders on another share I'm in suggest putting a set high sell price on your shares, so they can't be borrowed for shorting.
So for All we know.....someone could have slipped some of our shares out....and now can't return them to us, due to delist.
How can we be sure, ii in my case, broker can produce those shares.....should I have a buyer...
Is this part of the reason why ,most of us, don't have share certs. SN, and ZM know an awful lot of shares aren't where they are supposed to be.....and suspect our least favorite people have borrowed them ?
SN would not be able to sign off all the shares to certs.....if all the shares aren't where they should be. E g the book doesn't balance.
I'm no expert in this.....that's probably obvious, but....makes me wonder.
Thoughts ?
In the scenario FRR windfall billions why would they relist? Its much more regulation is return for being able to raise funds.. why would need they need to raise funds with billions in the bank?
If they end up with a smaller token amount ie thier costs back or the like they might potentially relist in order to raise funds to work any wells in un-reclaimed territiry or to apply for new licences..
If arbitation is settled favourably or at leaast equally ie 50:50 split but the GG go down the route of refusing to extend the licence (if that is not covered by the arb) then what cos would the US sanctions cost Georgia? Also US sanctions would presumably prevent BP getting invovled or any other western company. In reality and sadly it is not impossible but if the Russian influence here were to cause the whole block to go back to GG then it would have to be worked by Russain oil companies and it would leave Georgia very much isolated from Europe much of the wealth from the resource going to oilgarchs not to the GG .. a grim picture
alexbigun: that's a good question. Shorters have sold shares they don't have and presumably will have borrowed them to do so, with the intention of buying them back at a much lower price and returning them to the owner. If we relist then they have to buy them back in the market and either take the unquantifiable hit or whatever the profit might be, depending on the sp. If we don't relist then they still owe the shares and so would have to buy them from somewhere ... which may prove expensive.
Imo that is why some 'folks' come on here trying to spread alarm and then coax people into offering their shares for sale... as happened last week.
GLA
Can you shut the door on the way out again please Barry!
Not sure - If it is still lights on then that is good enough for me.
hopefully conclusion before spring so we can all have a good summer holiday - even a nice dividend will do for now.
I doubt any of them will be singing 'Oh Sweet Karolina'
They certainly have some fight in them.
They could have just folded shop, why haven't they.......
Poor Dodge City on the ADVFN Asylum, he'll have to dodge cities if this comes good and take a lightstep through the dark nights to not wake the other homeless people.
He is sounding very very desperate now.
Yet the LTH's still here have been through the worst of the pain and only have positives to gain.
I would not be doing well internally if i had a short open. JUST (yes you guessed it) OUCHY WOUCHY.
TW is rather quiet to eh!