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Totally agree, I was once told that by the FCA. Shorts should be limited to a percentage that cannot affect the share price.
Yes, Pure manipulation and it's legal, I don't believe the bull about shorting helping liquidity in markets, it's there to make some hedge funds rich from price manipulation,
Exactly Jar, these guys aren’t happy to make a gain on their bonds & take the coupon. Greedy beyond avarice, I hope they choke on their short.
I firmly believe the rationale of “hedging against their debt exposure” is a complete bolxxxks and they wanted to use their inside postion to force a rights issue which not only would drive the price down but they more than likely would have received preferential warrants that would cover the short.
If I was TD, I'd take the cash from Mexico, stick in a bank account and make an announcment that ARCM money is sitting there so they can shove their shorts where the sun don't shine
I was correct although set maturity’s are not untill 2021 premier are looking to extend/renegotiate debt in Q1 next year they don’t want to wait u till last minuet to come to an agreement on it, would like to hope at this point shorts ACRM start to close shorts on premier oil!!
Get a grip of the facts, grippa !!
Refinancing mid 2021
Don’t know if refinancing is the correct terminology but they are renegotiating debt at a better rate and hope to have it complete inQ1 2020
What refinancing needs completing in QTR 1?...news to me!
There position is a hedged position and would expect once refinancing is complete on Q1 then they will start to close out the short they have on us. It’s been hard to understand our share price given the recent success of premiers businesses but at least we now know what it’s all about. Have been told the FCA are long looking into this but whether or not they do anything substantial enough remains to be seen, personally I like most don’t have a high opinion of them, but we will see in time. Once the short dose start to close through I would expect there to be a large nothward movement in the SP, just hope refinancing is complete in q1