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OneKnows - Greed causes humans to make illogical decisions. The only two other thing that do are love and alcohol :)
The question i have is how can someone (JUB) short a company when the truth is they don't have a pot to Hiss in,Surly a company should have the means to pay if they get their investment decision wrong..........
Anders, i had come to the conclusion that they may have been keeping us at a level for this shorting scenario to be dealt with.
They will have to draw the line and say 'this is what you owe us' at a certain stage, and i think the recent tight trade range may have been them drawing that level. What do others think?
GLA
S l u t dropping
Another point, if the MMs play silly games like helping the broker by **** dropping the SP I suggest we all complain to the FCA. It’s not our fault some wannabe stock trader got burned.
Yes indeed, if they did short this, then they're in big trouble.
GLA
Can someone please clarify, if they have shorted EUA and go bust, will the exchange honour the return of the shares? I don’t want the situation where Jub just go bust and the share price doesn’t have the positive response it would have normally.
TIA
You back again Parsley? I thought we had flushed your crusty head down the toilet, don't mind a second flush though.
Jub hahahaha burn you evil fokrs
betting on companies to fail , spreading lies to damage them, often resulting in jobs being lost, lives destroyed. How can shorting be allowed. Why is legal? Esp, when most of these companies cannot even cover their losing ticket.
Not a big poster on Lse, but a reader of posts on shares I'm invested in, just thought I'd thank all the people on this board that contribute with all the data/information they find.
I looked into Eua as it was coming out of suspension, and all the signs looked very good. I'm invested on at a small level compared to some of the posters here, but I'm enjoying the ride none the less.
Not going to try and guess the sale price, not skilled enough to do that, but as a maths teacher the numbers do look extremely positive and I'm pretty confident of a good return, imo of course.
Oh and now I know how a ceiling fan works!
The trades are unsettled https://financefeeds.com/jub-capital-management-gets-declared-defaulter-london-stock-exchange/
*owe more money than THEY have not YOU. lol
Jub gone bust? I hope it was because they had a big short here as most have said. Should never go short on anything. The risk is extremely high as can lose more than you put in. Sometimes it goes really bad as a shorter can OWE more money than you have.
Very welcome sir. Have a good weekend Ian. Off out now to find a pub to celebrate Yorkshire say :)
You swat them with indisputable facts Mac. All RNS'd.
Morning Brookkers,
On reflection, this JUB capital thing does go to explaining the constant lies being promoted by those who have 'come and gone' (no names) haha..
They certainly picked on the wrong company and chose to pick on the wrong posters to attack on here as well.. :-)
It was fun though picking holes in their negative spin.
Have a good weekend
ATB, Ian
Lies is all they had brookkers. All easily dealt with using cold hard facts.
I'm adding it to my C.V - bot fly swatter extraordinaire.
So should many others.
Certainly a good learning expereince, to see exactly how those types appear to operate.
All that junk on twitter as well.
GLA
Sleebradford, (Steve) thanks for the last bit of the puzzle.
All the best
Ian
One of the most persistent lies during suspension was that the Exchange had stepped in and suspended EUA for some breach of the rules, rather than the company raising a hand, so to speak, to suspend itself.
Interesting to note for future reference that if the Exchange really does step in because a Member is in default, clearly they issue a formal notice like the one issued to Jubliee .. link below from Ian's 10.49
https://www.londonstockexchange.com/information-sheet/jub-capital-management-llp/2020/44
Very interesting. I always thought that Spikey was very knowledgeable and detailed. By the way, did anyone notice Bobrad pop in yesterday?
We didn't give them any room to breath on here tbh, just closed them down rapidly with hard facts. They stood no chance, their last attempt, and it was highly evident, was to try and attack positive board posters.
I was on the receiving end of that myself. When they couldn't sow doubt into the company, they tried to sow doubt about the positive board posters as their final stand.
GLA
If that is them, -( spikeyj and his band of botflies) one can only surmise they have got what they deserved.
Oh, what sill boy's...
1. London Stock Exchange ("the Exchange") suspended the membership of Jub Capital Management LLP ("Jub Capital") on Friday 17 July 2020 pending clarification of the firm's financial position.
2. 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.
3. In light of the information now available, the Exchange considers that Jub Capital is unlikely to be able to fulfil its obligations in respect of its unsettled Exchange market contracts. Therefore, under rule D100 of the Rules of the London Stock Exchange ("the rules"), Jub Capital Management LLP has been declared a Defaulter on the Exchange at 11:00 on 31 July 2020.
Ceasing of settlement
4. 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. These default procedures will apply regardless of any "match-delete" activity undertaken in CREST; that process may change the status of the trade in the settlement system but cannot validly deal with the underlying trade. Similarly, any purported agreement between the parties to treat any unsettled trades as cancelled is ineffective as far as trades included in the default process are concerned.
Defaulter's dealing capacity
5. The Exchange can confirm that Jub Capital's unsettled on Exchange non-central counterparty transactions were executed in an agency capacity. As a result, the Exchange will apply the rules relating to unsettled relevant agency contracts, D150 to D155, to the firm's unsettled transactions. Under these rules, the parties to the contracts (i.e. the clients of the defaulting firm and the relevant market counterparties) remain obliged to complete their transactions on the terms on which they were originally dealt.
Settlement of on Exchange non-central counterparty agency trades
6. Once the Exchange has received unsettled trade information from the defaulter and market counterparties, the Exchange will:
• Contact the market counterparties to each of these trades, detailing the trade(s) in question and the client(s) contact details.
• Contact the clients for whom the defaulter has unsettled agency trades, notifying them of the default and the requirement for them to settle directly
Hi Ian,
There is a new notice dated 31st July on LSE saying they have defaulted. I can't copy and paste to here but sure it can be found quite easily on there. Jarvy55 has tweeted a pic if u on twitter.
I think that might be the final piece of your jigsaw!
Best regards
Steve
They have been classed as a defaulter?
https://www.londonstockexchange.com/information-sheet/jub-capital-management-llp/2020/45