Member Info for joebop

Daz. Your last post me was incomprehensible.

What you're advocating is that it is grossly unfair, that professional traders get an advantage over retail investors who are in employment during market hours. You want to ban shorting because these retail investors cannot exit their positions because they are away from a computer.

Daz, just to point out your folly. Flip that statement on its head. By the same logic, nobody should be allowed go long on any stock, if good news is released between the hours of 9-5.

Come out of the fog my man.

Quite simply daz, your point is the height of ******edness.

Stock trading is a professional game. The fact that you are talking about this legislation is due to the fact that you were all probably butt fucked on some stock because you didn't know the risks or what you were doing or how a market works.

Amateurs v professionals. Only one winner.

Choosing a bad stock also covers choosing a good company, but which is over valued at the time you bought in. If that is shorted down to a reasonable level...that is your fault for not setting your evaluation right.

If you don't have time to play the game. D'ONT PLAY THE GAME!!

Property, antiques, classic cars, stamps. Plenty other ways to invest your money. And you don't need a PhD to understand those marketplaces.

The warnings are everywhere. I clicked on an ad here, first thing to pop up. "Risk warning - Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results."

It's all down to personal responsibility. Most retail don't have the required knowledge to invest wisely. Only you can press the buy button.

Ffs, if you "invest" in a stock that then comes under a shorting attack....you picked a bad stock from day 1. Bad researching. Your mistake.

If you can't watch your stocks all day, you research the crap out of them and all the associated risks, and pick safe ones. Less risk, less reward. You're buying a comfort margin.

If a share price goes down, you then average down (unless a fundamental part of the business has changed)

High risk stocks, with a high reward possibility, need more constant monitoring. Your research should have made you aware of that fact.

A basic rule if you don't have time to watch 24/7 is to pick stocks that are throwing off free cash and don't have to tap the markets.

If you splash all your hard earned on a nice car, you don't leave it in a bad part of town, doors wide open, keys in the ignition while you go off on the piss for the night, every night.

That's asking for trouble. It will be taken one of those nights. Same with your stock picks.

Personal responsibility plays a major part. Education. Research. Knowing when not to invest.

Daz. You just gave the perfect reasoning as to why people should not be investing in risky aim stocks, not a reason to ban shorting.

When will people man the f up and admit to themselves that they shouldn't be taking risky punts on shit companies they heard about from a cabbies twitter feed!?

Your inequality bit is horse manure.

Buy bonds. Buy blue chips and wait 20 years. Buy rental properties. Get investment advice. Don't fuck away your pension on aim.

Own your mistakes. Learn from them.

F off with idiotic cry baby petitions.

Ps. I've never shorted any company. I see the benefits of why the facility is there. Dodgy companies will suffer, for good reasons. Good well funded companies will survive a shorting attack.

Don't play with leverage either.

The end.

63% increase in the TVR since he took over. 15% odd increase in sp.

The report rather dubiously stated break-even at 540 bopd. With the q1 average of 602, having peaked at 1k, along with wti fluctuations, spt, and not breaking down production by fields....

Why so, presto? Want to invite me into the dark rooms to drink the kool aid!?

No thanks. Anything you want to say, you can say it here.

Was this short opened before or after the Max situation does anyone know?

Anyone got a copy of the so called damaging article?

Ireland is the best country in the world, bar none, to be the injured party re libel. If this Phoenix article did any reputational damage over any dodgy claims, aex would have taken action.

They didn't.

Why not start a petition for some education of punters before they are allowed to fritter away their pensions and savings by opening trading accounts?

100 odd questions. Multiple choice. 90% pass rate. To be done online.

This petition to ban shorting is a fools errand. You placed your trade. You're supposed to be a big boy. You ticked some boxes that said you knew what you were doing. Own it.

Anyone but the banks I'd say hotdog! There's a few companies doing it so competition is healthy for costs. I've only used TM, but haven't had the need to do so in a while. Takes a few days to get set up with the money laundering hoops though. Worth registering with one of them at least just in case.

I hope you are all wise to the likes of companies such as TransferMate if you are sending any sums of money abroad. Save a few percent over the banks fx cost. 10 or 20 Euro charge per transaction. Worth it on anything close to a thousand or over.

Madness not to do so on 5k plus.

I call that particular scenario you describe as "chickens coming home to roost."

The fact that people don't correlate the empire with immigration I find particularly bemusing. Rule Britannia.

Further kml investment.

Thought it was going to be a directors buy rns.

Commencing. Removal of board.

I assume there is no security on all those inter company loans??? The offices could get crowded and a little bit awkward

It's also worth looking at the cgnr accounts to see how much the power struggle shenanigans cost over there last year.

Zebra, it could also just be an attempt by the lender to smash the price lower for the next few conversions. If they keep converting every fortnight as liquidity allows, they may hold onto 5-10% for to sell into a good news spike/ramp.

With the 10% fee and 105% principal repayments, what appears to be below cost selling, isn't really.

Also wouldn't surprise me if Arato were in some way involved in managing this bank guarantee to boot.

Handy money if you can get it.

Those large sells could also just be holders from last year selling out for a nice profit too.

Bear, only a lunatic would have offered a placing. CLN was the only option available i would suggest.

SP was 8p on the day before note was announced. A non discounted placing would have been close to 19% ending up in Arato's hands.

When you boil it down, a placing would have had to be done at a price which would have left the lender with around 40% of the shares. That was never going to happen.

Income/news flow when the loan was announced was poor. Delays in Trinidad, Ireland a basket case and Morocco, which the funds were needed for, is too early doors. Not a hope they would have been able to flip all those share successfully.

Also, lenders usually get a Charge over the assets until a CLN is paid off. Arato would not have got security with a placing.

So, a death spiral CLN was the only real option. And there is no limit as to how often or how much the Lender can convert!!! Usually there is monthly schedule, not here.

But then you see the Broker is Novum, who took on all Beauforts corrupt crew last year. Quelle suprise.

Plus, how comes it costs $100k to set up a bank account for a $1.5m deposit!?

Zebra - The shares were issued at 5.87p, not 6.5p as you stated. £100,000 for 1,702,251 shares. They are done at 90% of the weighted average of the previous 2 days as per the Feb RNS.

5.87p per share.

A junior o&g explorer, part time producer, operating in Tanzania....and you are cribbing that investors who didn't accept or understand the risk lost money when the sp declined...and that the company in question has to pay staff.

You're right, we'll never agree. I live in the real world. You live in Narnia.

I posted an article last year which had a salary table of all the iseq listed companies.

Jay and Aminex were bottom of the table.

Find your local post office and buy some bonds.