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Isn't that just the problem though, RB?
Because it happened somewhere else, popular opinion says it MUST be happening everywhere and we should just ignore any evidence to the contrary.
Most of these 'true' opinions seem to be bandied around to explain a depressed SP without much substance to back it up, because impatient investors expect an SP to go up 10% daily and if it doesn't and there aren't daily RNS' to update us as to why, it must be due to market 'games'.
My last word on the subject. Some interesting comments/responses. Food for thought.
Next week is a new week.
gla
Meanwhile core sample looks fantastic........looking forward for outstanding flow.....
https://mobile.twitter.com/UKOGlistedonAIM
It’s not a myth though is it? Apparently on record that it did happen in the case of New World Oil and Gas (NEW?). It’s just in that case circumstances exposed it so clearly that it couldn’t really be denied. And a rule of thumb on AIM is if it’s dodgy and it’s happened once then it’s dodgy and it’s probably happened lots...
Seadoc
I am appreciate your input however don't expect serious finansial answer from you as you just do spread bets so doubt you know how mechanism of naked short work!
Moreover, assuring you I understand YA finicing and pricing implication of it.
....therefore my question should sound.....
whether new shares are/potentially could be borrowed before reach market as we see large seles/buys ( possibly not correctly reported!!!) just prior to conversion which pottentialy could be used to settle short position knowing the fact that more than likely sp will go down on a conversion annoucment day........
Witnessed forward selling potentially explain short mechanism in first paragraph of below article?
https://www.valuethemarkets.com/2018/07/31/aim-chief-exec-lofgran-breaks-ranks-challenge-market-makers-naked-shorts-ntog/
From the other hand..... What is a point to restrict such possibility in YA T&C if naked shorts is just a myth claimed by few?
All I can say for sure on this matter is that I've lost count of the times when YA convert to for example 123,456,789 shares and before the conversion is announced there will be chunky trades and one of them will end with 456,789 shares. That's all I can say.
Oakleak,
I am not sure if YA selling shares before they convert (as an example) is really short selling, or if in this type of scenario the shares are usually sold on an extended settlement in order to tie in with the conversion date.
This may result in these conversion shares not being available if the conversion is delayed, or some other issue, hence the need to 'borrow' for settlement? A bit of a grey area perhaps as to if this is really a 'short sell', or perhaps more a settlement issue?
An interesting discussion point.
gkb47,
Agree that if there is any shorting, it has little impact on the SP given the potential levels seen.
gla
Oakleak
So technically they might be shorting or third parts may do, knowing new shares are going to be convert?
"YA sell shares before they receive the official converted shares from ukog."
I'm no expert in these things but YA sell shares before they receive the official converted shares from ukog. That is short in my book. This occurred during BB and it's happening now. It's either not breaking the terms of the loan, or ukog are turning a blind eye so as not to bite the hand that feeds them. I suspect the latter.
What is a point to restrict short position with new share enquity if it is uncommon practice as some think?
Has YA loan been used to cover nacked position in the past?
Any thoughts of that?
"The Loan also includes a provision which prevents the Investors, or any of their affiliates, from holding any net short position with respect to UKOG's equity and, with full disclosure to UKOG, restricts the Investors' trades,"
gkb47,
Another thought on that Euroclear site as it relates to stocks out on loan
Seeing as the number of shares seen here is small, is it possible this may relate to another possibility than someone actually taking a short position?
I understand that on occasion, there can be settlement issues on trades if a custodian has issues such as a prior trade awaiting settlement and shares being unavailable, problems with settlement instructions, corporate action events, or someone moving custodians and shares not being available following a transfer (amongst others). Could these figures relate to a custodian having to 'borrow' shares temporarily in order to settle a trade rather than someone actually taking a short position?
Trades can remain outstanding for a number of reasons for days, or even weeks/months due to 'back office' issues.
Just trying to understand why such a small figure could relate to a 'true' short as it doesn't seem worthwhile at such a level.
Any thoughts? Tks
Joey, too much enthusiasm, could be worse though, could be that idiot Premier who makes out he’s a holder but constantly berates UKOG, he is one of the trolls who pretend to be invested and constantly moans, yes premier dickehead your cards are marked
gkb47,
Thank you for providing some evidence.
So, the total amount that is only occasionally shown to be on loan is minute and not much different to what a single PI may reasonably hold, and certainly not worth the constant BS posts about shorts burning and shorters 'crying' on twitter.
If anything, this just proves the shorting myth imo but I am sure it won't stop it being continuously brought up.
gla
Joey,you post what you want to post mate.GLA.
Could be worse... I could be premier... Poor lad... Spending all his dole money... Suck it up buttercup.
I'm happy with my investment... ££££££££££££
Qwerty maybe Joey is just the village idiot with nothing else to do. His posts are certainly rubbish and just plain idiotic. These posts just clog up the board in my opinion
Joey,
Virtually every other post of yours goes on about 'crying shorts on twitter'.
To my knowledge, there is no evidence of anyone shorting this share and it is frequently posted that there are no CFD's available, no disclosures, nothing on the FCA register of short positions, or any method for PI's or II's (if there are any) to short this stock. Evidence of all of these can be found with some simple searches.
The only exception is certain MM exemptions for market-making, something which your posts are clearly not referencing as MM's would certainly not be 'crying on twitter'.
So who exactly are these 'crying shorts' that you keep talking about and how are they shorting this stock in the first place?
Do you have any evidence to back up your repeated statements as curious to understand how the shorters 'story' is always trotted out when there appears to be nothing to back this up, yet there is plenty of evidence to say it is not, and never has been going on.
Keen to be educated.
gla
And joey86 wins this months award of Ramper - without substance.
No one is listening to your desperate crap... UKOG is about to rocket! I don't blame you for s#£ting your pants... Haha