Member Info for Chaebol

This restriction terminates after the close of trading of the ADSs on and including the 90th day after the date of this prospectus.
Jefferies LLC and Barclays Capital Inc. may, in their sole discretion and at any time or from time to time before the termination of the 90-day period release all or any portion of the securities subject to lock-up agreements. There are no existing agreements between the underwriters and any of our shareholders who will execute a lock-up agreement, providing consent to the sale of ADSs or ordinary shares prior to the expiration of the lock-up period.
Stabilization
The underwriters have advised us that they, pursuant to Regulation M under the Securities Exchange Act of 1934, as amended, may engage in short sale transactions, stabilizing transactions, syndicate covering transactions or the imposition of penalty bids in connection with this offering. These activities may have the effect of stabilizing or maintaining the market price of the ADSs at a level above that which might otherwise prevail in the open market. Establishing short sales positions may involve either “covered” short sales or “naked” short sales.

I posted the links in previous posts but I’m just fudder lol.

Think it means that insiders that get the shares are locked in and that price has to be maintained at around the 700 million dollar market cap and when the lock up finishes the shares are no longer under regulation m which means they would finally be subject to true market conditions.

Read page 158 of sec filing.

But the sp remains stabilised (manipulated ) until that lock up period ends. On the sec filing it says 90 days and on Edgar 180 days.
The managed sp continues…..So all I can see is the price hanging around 125-140p and then when the lock up periods end, if bitty is good then so will arbk.

$2 or under you’re going t see instis load up at cheap prices.

Joining the crypto club multi billionaire Simon Nixon.

Btc is a coiled spring.

Just the start of the rollout. Loads of countries will adopt this soon and others especially when inflation hyperinflation hits.

Btc ripe to be the central bank of south and Central America.

Blubay,

Naked short selling was outlawed in 2008/9.
However regulation M enables naked short selling which has absolutely blown my mind to be fair.

https://www.sec.gov/Archives/edgar/data/0001841675/000110465921107653/tm2115473-11_f1.htm

Page 158 off prospectus from the sec filing so it’s probably been amended to 180 days.

Brilliant 180 more days of manipulation. Looks like they need to change the share register from retail to insti, suppress the sp and lots of fear to come.

This restriction terminates after the close of trading of the ADSs on and including the 90th day after the date of this prospectus.
Jefferies LLC and Barclays Capital Inc. may, in their sole discretion and at any time or from time to time before the termination of the 90-day period release all or any portion of the securities subject to lock-up agreements. There are no existing agreements between the underwriters and any of our shareholders who will execute a lock-up agreement, providing consent to the sale of ADSs or ordinary shares prior to the expiration of the lock-up period.
Stabilization
The underwriters have advised us that they, pursuant to Regulation M under the Securities Exchange Act of 1934, as amended, may engage in short sale transactions, stabilizing transactions, syndicate covering transactions or the imposition of penalty bids in connection with this offering. These activities may have the effect of stabilizing or maintaining the market price of the ADSs at a level above that which might otherwise prevail in the open market. Establishing short sales positions may involve either “covered” short sales or “naked” short sales.

I thought it was totally illegal.

Under regulation m it isn’t and so what that means is this price can be managed with phantom orders on a “naked” short sell until the lock up period ends. It’s free money for the mm’s no wonder the shorts continue.

“Covered” short sales are sales made in an amount not greater than the underwriters’ option to purchase additional shares of our ADSs in this offering. The underwriters may close out any covered short position by either exercising their option to purchase additional ADSs or purchasing our ADSs in the open market. In determining the source of ADSs to close out the covered short position, the underwriters will consider, among other things, the price of ADSs available for purchase in the open market as compared to the price at which they may purchase ADSs through the option to purchase additional ADSs.
“Naked” short sales are sales in excess of the option to purchase additional ADSs. The underwriters must close out any naked short position by purchasing ADSs in the open market. A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price of our ADSs in the open market after pricing that could adversely affect investors who purchase in this offering.

I thought “naked” short selling was illegal, period. Until you apply reg m.

Regulation M addresses certain activities that could be viewed as artificially impacting the price of an offered security. It is intended to protect the integrity of the securities offering process by preventing persons with a financial interest in a securities offering from taking particular actions that might manipulate the market for the securities being offered.1 This Client Alert examines the ins and outs of Regulation M, which was adopted in 1996 by the US Securities and Exchange Commission under the Securities Exchange Act of 1934 (the Exchange Act), and provides answers to some of the most frequently asked questions regarding Regulation M

https://www.lw.com/thoughtLeadership/regulation-m-guide-faq

My question is will this manipulation continue for the lock up period of ‘90’ days when it lists?

Definitely not with a btc average at 26k usd ;)

Btc is a 3 to 4 % drop in the grand scheme of things..

https://sec.report/CIK/0001841675

150p

What price would you buy back in at ?

Yep more than likely…..Looks like btc is correlating to the sp again.

They have a lot of weapons to sell……

Crypto the perfect facilitator. All the money guys are in Qatar and Dubai…..