Member Info for johnychainlocker

18:29, even!

Agreed kenj - my understanding as well (as I think I said 18:26, although could have said with more conviction, accepted)

Other explanation being of course Rye and Cape closing big time?

Just to make this even “clearer”
Mary, you said ‘ Record date is for admin only - it determines the number of shares attracting entitlement. This is a finite number and was needed to be calculated for inclusion in the prospectus.
If the Record Date determines the number of shares held (by individual investors, by inference), surely today’s trading would upset that and individuals’s share holding would be difficult to determine?
Not saying you’re wrong, but surely the record date is there for that purpose, no?
By same token the rise today is certainly ‘explainable’ with what your understanding is.
Overall I’m still confused and I’m leaning towards Record Date being the cutOff date for entitlements

Realise this is a bit off current topics and a week old now but has taken time to contact brother who lives in China and has Chinese wife - this is first hand account of situation there
“ It's all B/S! It's difficult to know the real numbers involved because there is no accurate reporting, only state-controlled media.

Currently, there are six provinces with restricted travel and the government news states there is only one case in each province! Travel in and out of these states is not possible and they are pretty brutal with their rules on isolation. Typically when a case is found then the whole housing estate where that person lives is literally locked up and guards are posted around the perimeter. Food and drink is trucked in and distributed by volunteers. Doors are taped up with red tape and only people in full hazmat suits are allowed in.

Wife’s sister travelled north to a wedding and the day she was due to return a case was confirmed in the same province! It could have been a thousand miles away but the whole family had to go into a government-appointed hotel and isolate for 14 days at their own expense. It is cheap at $8 a day per person but nevertheless, when people are on low salaries it adds up. People have to stay in individual rooms, no sharing, and only children are allowed to stay in the same room as their mother. Video cameras monitor the doors and further 14 days isolation penalties apply if people are caught walking about trying to visit a husband or wife”
…….” and today’s big news is Beijing is closed!

Two guys went on holiday to Inner Mongolia and had Covid symptoms when they returned. They kept it quiet because they didn’t want to pay for isolation and went to a chemist shop instead to buy medicine and infected two people working there.

Once recovered they will be sent to prison for a year because they didn’t report their movements to the authorities”
That’s one way to control COVID-Chinese style!

Poker you have a lovely way with words-love the subject title!

Hold on tight to your shares, make the shorters pay!

Paddy, I’m of opinion that big shorting co’s are doing more closing out at these low prices, what do you think?

Agree fre1

Made me smile that Poker!

Don’t think we’re the only ones swearing and cussing - Rye and Cape have been closing out their shorts at 170 odd pence. They could have held on and closed at much cheaper!
Nice to know not just us pi’s get caught out
Still not concerned for future and taking up all my rights

That’s good Real - wouldn’t be surprised to see that either Cape/Rye or both reduced again 23/24th, when notifications come through later in week

Be interested to see if Cape/Rye try to bring this back down this afternoon

They’ll only cut and run if there’s a nice juicy contract award/ results catch ‘em out. In the meantime they’ll very much control their exit much as per my rudimentary attempt at an explanation.
(Thanks Paddy your your endorsement)

The way I understand it(perhaps “understand “ is the wrong word!), let’s say the way I reconcile it in my mind is that for starters the shorters are there and they have a s… load of shares they sold. These they have to buy back when things turn against them. However, they can’t just buy back in one fell swoop otherwise the share price would rise rapidly, and they would end up paying a lot more to buy back thei s…. load of shares necessary. SO, they HAVE to control the price rise, and they do this by “bots” and “algorithms”. When they start buying back and the price rises they have to force it down again by selling again to where they’re happy to start buying again - this process they repeat time and again always buying more than they’re selling so that way they keep tight control of the price rises and get out as relatively unscathed as possible.
NOW, this may be a load of bull, but it’s the only explanation I have.
How else does it work? (and please, I would love someone to enlighten me as to another/ the ‘real’ way they close out their positions

Jeepers Paddy-let’s hope esecallum’s asleep!

You’re right JG, I don’t know about anyone else but I’m filling my pockets slowly at these prices. I put in an order everyday below 170p and am happily topping up £1000 a time.
Honestly believe this time next year 170p will be well in the rear view mirror. Oil is still moving up, slowly, and every chance it will breach $100 barrel.
In this for over 30k now but I’m comfortable with it, but yeah very frustrating until these shorts all but closed out
GLA , stay strong!

Yeah, been same all week. Shorting co’s very much controlling their exit imho.
What we would give for a nice order rns to throw ‘em off track

Nicely put Consultgreg!

???????
What’s rattled your cage Denby? perfectly reasonable question.
You say you’re city pals don’t like the price ‘so high’, So, that begs the question, why don’t they like it so high?
You not think to ask that?