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They will buy into the placing, remove their short that way, of course if they do it'll prove how two faced thay are and the fact they attempted blatant market manipulation.
Perhaps the FCA should tell them to unwind their short position back to their previous declaration and give them say a month to do it.
Real journalists do research, hes just a hack, maybe even paid off, Journalists don't have the highest moral standards (see phone hacking!)
Its the last sentence in the reuters report that is damning, "ARCM had no immediate comment. An investor with a short position makes a profit on a stock when its price declines."
Paints ARCM as bunch of asset strippers who want the company to fail so they can pick over the bones
Need to put security on catcher to stop arcm divers trying to blow the thing up
Please add 282k shares for me, limit set at £1.80
Thanks JW
Does anybody know the proximity to the trans alaskan pipeline and if there is capacity?
They lose the rights if they sell the shares, they no longer own them, the new owner of the shares would then own the rights, ArcM still have a debt to the original lender who would want recompense for the rights.
The retail bonds will give them the 2%, they're a good earner , I had some I bought at 67p, was loving the interest on it at 11% after refinancing but sold up at over £1 to switch the money into the shares (that didn't perform that well, straight after).
Shorters can only hold the sare price down by adding to their shorts, ARCM cannot depress the price further without either lying in the press or borrowing and selling more shares, which I guess you could do for infinity , just buy borrowing everything people buy and selling it for them to buy and you borrow it again... They will have to buy the shares back at some point.
Yep, ARCM are just an asset stripping company, no place in the world for these ****roaches
According to the FT, the asia mob are crying already
Never seen a rights issue raise a share price before
I may have to amend may limit order
The articles are always sensationalised (possibly to fit their writter's particular need or whoever's paying them). both Kuwait and Saudi have state output quotas, this enables them to secure supply better, they could pump from the new fields and maintain the old ones, they can't say we have a quote but this field is except, they'd be a joke
missing my 300k shares ;-)
I’ll pop my 300k on limit then
so if i put a limit order on my shares, they cant be handed out to a shorter?