Member Info for JustHereForHemo

91jonmo... you have read the prospectus right? They dont earn a penny from the CLN, they are brokers, middle men for the individual investor, Mint stand to benefit by Hemo drawing down the full £60mil over the next year or two and them getting their 5% each time. 7.7mil shares, issue price worth 600k, they could sell all and maybe pocket 500k or they could sell half and keep half.

People need to chill out and relax.
Mint get 7.7m shares out of that they will sell some, i doubt all but is possible, likely they will only sell some though to cover expenses.
Apart from that, even before they started selling mms had dropped the sp every day to fill 1mil+ orders every day. Someone is buy up chunks of 1m, just sit back and let the mms do their job, filling orders and selling whatever block mint want to sell.

@CJ I am going to take your question on face value and answer it without sarcasm.
Bottom line is its all psychology and if you look at this board and twitter etc its clear to see that when the SP is red sentiment is way down, look at the comments like people saying they will sit on the sideline or wait and see etc. That is good for MMs as it means people are less likely to buy. Likewise some people will see red, think everyone else is red and decide to sell. On blue days people start buying and getting excited. The MMs set the price and can make it a blue day or a red day depending on their order books, they can print a UT to be above or below the actual mid price without actually changing the spread.

That said I do believe yesterday and today Mint are selling shares and sold at 7p and the MM SCAP which handling that sale is holding firm at 7.2p on the ask but really is selling at 7.1p. That is probably their floor as yesterday they held to that and today, even with PEEL sliding in at 7.1 to drop the SP SCAP have not moved to counter. Dont know how many of the 7.7mil Mint are selling, could be all but I doubt it, if they saw enough to convince them to facilitate the loan in the first place they must have some idea of where it is going, but the shares are free so selling off even half to cover expenses and keeping the rest feels likely.

And as for experience or proof, some of above is common sense if you look at behaviour on red days, people are pessimistic for no other reason than its red, when people are pessimistic they dont buy they sell. Also one of the very large holders on here who may identify himself will confirm, when he makes a big buy of 500k-1m he will apologise in advance as when he places an order his brokers will always try and fill below mid and the SP has always been taken down to fill.

Lol that might be a good idea :'-D that said we both seem to like profit and I believe we are approaching a period where frankly its just more cost effective to be green and the argument becomes irrelevant

Im back down off my moral high ground :-) impressed by how many do consider ethics when investing, great to see.

Now Shuggy... you mentioned pot? Hey buddy :-)

Shuggy, I didnt realise you were invested there, if you are I wont post this over there, but do be aware that this is coming:
https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder

ANYWAY I am done, I really just get frustrated every time I see a new mining operation getting set up, I saw one being set up in the artic somewhere using solar to power a mining operation. Instead of letting that light reflect off the snow back into outer space or using the electric to capture carbon they are running GPUs that generate alot of heat.

Anyway, I am done, be green, use some of your millions to insulate your homes and buy solar panels or electric cars! Bye!

Oh and seethreeIPO totally 100% agree, strip mining should be illegal, mankind as a species are killing the planet, and thinking of ever more imaginative ways of doing it!

I am a supporter of crypto currency as an idea, HOWEVER I am not in favour of ever expanding and more energy intensive mining.. I have a computer I use it for work but in an eco friendly house with solar panels and am as low carbon as possible. That said I would love to be zero carbon if it were possible.
Point is at some point this will move to proof of stake mining, I suspect that is why Elon has taken 1.5bn in BTC to get ahead of the curve, so BTC will probably continue to rise and this SP will probably continue to rise, I just wanted to take a minute to get up on my moral high ground and express my outrage :P

That doesn't mean its not a fantastic business move or that ARB wont make a fortune doing it.

This is no reflection on SP but morally this is a disgrace, building a 200MW plant JUST TO MINE BITCOIN?
Seriously what planet are we living on where we can dedicate hectares just to burn electricity to mine a virtual coin???

Sooner this converts to Proof of Stake mining the better, this is a crime against nature.

As a share price, no comment, not a ramp or de-ramp, this is a moral outrage post and nothing else.

Looks very much like one MM (Shore Capital Stockbrokers Ltd) is selling a large block of shares. My guess would be that Mint are selling a percentage of their 600k fee to cover expenses. Perhaps 1-2mil shares out of the 7.7m? By the looks of it they are unwilling to go below 7.045p to sell, so they must have agreed to sell at 7p and the spread is the profit to the MMs. Will probably hold the SP down at this price for a day or so until they clear, looks like 650k left at this price.

Pumpkin, Mint got £600k they get 5% of the value of any loan drawn down and paid to Hemogenyx only, for them to get the full £3mil Hemo must take the full £60mil. And as for them selling, I am not entering into a debate, if people doubt the maths thats fine its irrelevant, but the only ones selling are PIs and someone or some institution is buying in blocks of millions and getting mates rates to do so.

Because really, what is the point of fighting the Market Makers?
But lets be clear what has been happening lately, Market Makers have been shaking the SP hard, mostly down but occasionally up with some elevated UTs all in an effort to get people to sell throughout the day only to later go and print a big buy of 1m+ shares, EVERY day. I am more than happy for weak hands to sell to feed whoever it is collecting in the background.
Thats NOT Mint selling shares as our resident expert would have you believe, someone is accumulating and people are filling those orders. There have been shares added to the register as was declared last week but yet despite all the naysayers ONLY the £600k worth, no conversion of CLNs or death spiral finance kicking in.

If your a shareholder you should be getting very very excited right now, if your a de-ramper, the time of honouring yourself is coming to an end :-)

Mark, the offer on primary bid opened yesterday AFTER the market closed and they closed the offer later yesterday evening before 9pm. They timed the placing and CLN RNS to both get released at the same time after market closed so that the market could not react to either before after the placing was closed.

Tuan, iG dot com offer Direct Market Access, its 3quid per trade but there are no other fees and you get live L2 data. Its not as good as market maker status, IE you can place a limit order but you cant provide a live quote so generally speaking your order will be passed over until there is an auction, I honestly dont think an individual can be an RSP, you have to be a bank or a broker.

There are 7 market makers that trade Hemogenyx, its rare to see the same MM top on the Bid and Ask side, while one Market Maker may have sold all their shares there will be 6 others ready to fill their shares. They do co-operate as far as they are legally allowed and try and nudge the market towards selling or buying but ultimately they are playing psychology and fact is, all other factors aside, when its red people sell, when its blue people buy. End of the day they can even agree o sell shares they dont have and spend the rest of the day or days back filling.

On days like today I tend to make a few hundred quid just playing to market makers by placing limit orders to counter their signals then rebuying straight away. My experience is irrelevant but no not a trader, I have worked with exchanges and payment networks before so have an interest in the mechanics.
That said, if you take emotions out of it and look at the cold hard trades. There is a trade of 1 million, if its a buy then market makers have lost 1mil shares, if its a sell they have 1 mil extra shares. Given its so many times greater than the NMS they won't just absorb it they will want to rebalance and that means selling or buying more themselves.
If they paid let's say 8p they will want to sell 1mil share for MORE than 8p to make a profit, they do this by raising the average sp and making everyone think people are buying as people follow the herd.
If on the other hand the MM sold 1m shares for 8p then they will be dry or short and will want to reload, but they don't want to pay you 8p,they want to make a profit, so they drop the sp, make it look red all day and encourage people to panic and sell, hit stop losses etc.

Its common sense and experience, I have been watching this and several other shares carefully for the past year and patterns always emerge.

Anyway good to see I'm living rent free in swimming head. It's like he cannot post on here without making some snide comment about or to me, very sad.

It was a massive buy at 7.35p and the mms spent all day today trying to back fill keeping the bid and ask below that price all day. If it were a sell mms would just have lost a clear fortune selling those shares on.
Let's be clear on Market Makers never lose in the long run. It was printed in the L2 order book this morning that they were short and needed shares, i shared on twitter but not on here as frankly until they printed the order they would keep the price down to fill up again. It's all smoke and mirrors in the stock market, don't get taken for a fool.

Be aware that suzy8 who is currently temporarily banned has stated his intent to come back tomorrow morning to return this thread to the usual spam filled nonsense in an attempt to scare people into selling. This is suzys profile on advfn where you can see what to expect tomorrow morning. When you see how much they have posted over the weekend it should be clear, this user wants hemo to fail, dont play into it:
https://uk.advfn.com/forum/search?q=badger60&index=posts&post_poster=on

Great to see real discussion back on the forums!
Fantastic posts lately good to see people who are less optimistic and more cautious expressing opinions and being respected :-)
Sadly it won't last, so be aware tomorrow morning suzy will be back possibly with others and posting post after post of spam, lies, accusations and basically doing whatever he can to try and persuade a few into selling. Be under no illusion that he benifits financially when the share price drops. Anyway, enjoy rest of your weekend and again great posts below :-)