Member Info for MANJUKWAI

The fact that we have had to buy ARMC off.
It wrankles with me.
Manipulation continues to pay.

Loaning out 17 million shares!!!!!!!

Used to be based in the States the US of A

When these two start loaning thier shares out the share price remains static.
Manipulation!

ARCM HISTORY
https://www.bloomberg.com/news/articles/2013-12-09/former-perry-asia-head-said-to-raise-1-1-billion-for-new-fund

Its GS and MS loaning out millions of shares so speculators can make a profit and GS and MS can cream off their take.

Premier reports that following the approval of the creditor schemes of arrangement required to implement the proposed UK North Sea Acquisitions, related funding arrangements and extension of the Group's credit facilities by the Court of Session in Edinburgh on 29 April 2020, the single dissenting party (Asia Research & Capital Management) has now lodged an appeal of the Court's judgment.

Premier notes that the Standby Underwriting Agreement entered into on 7 January 2020 in connection with the associated equity raise had an initial term of 120 days and therefore lapses today. Premier continues to work with its underwriters with the objective of entering into new underwriting arrangements if required once the outcome of the appeal process is known.

The Group will issue its Trading and Operations update for the period to the end of April on 13 May.

My take is they are loaning shares out so people can play around and try to make money.

I think this statement made recently as to engage with creditors means them.
I understand all the other creditors back PMO.
As per ARCM’s previous statements, we believe Premier Oil should be focusing on its cash flow position and protecting the balance sheet as a matter of priority. We encourage the Company to engage with its creditors to find a long-term solution which would significantly reduce leverage and provide a stable balance sheet, from which the Company could then prudently pursue growth opportunities.

Isnt it about time the LSE made a statement about this short?
Emma Kane, a representative for a group of lenders that supports Premier Oil’s plans said that “the reaction from stakeholders across debt and equity has overwhelmingly endorsed the company’s plan.”

“The sole voice of opposition is from ARCM - a hedge fund with the largest short position in Europe, one that they failed to make appropriate disclosures on until very recently,” Kane said.

ARCM’s spokeswoman declined to comment on the timing of the short position disclosure. The fund started building its short interest in Premier Oil in 2017, according to regulatory disclosures.

“As the regulatory authority responsible for monitoring short selling notifications we are aware of the matter and in line with policy, we do not comment on operational matters,” a spokeswoman for the FCA wrote in an email responding to Bloomberg’s questions over ARCM short position.

Court Backs PMO

http://staticcontents.investis.com/media/p/premier-oil/premier-oil-plc.mp4

Upping their stake

What seems to be overlooked with PMO is that they produce and sell an awful lot of gas.

https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Is-Buying-Up-European-Oil-Majors.html

https://www.krisenergy.com/default/assets/File/KrisEnergy%20completes%20disposal%20of%20Andaman%20II%208April2020.pdf

https://twitter.com/PremierOilplc/status/1248162596655521792?s=20

BP Agreement
https://twitter.com/PremierOilplc/status/1248162596655521792?s=20

https://www.linkedin.com/posts/bam-nuttall-ltd_bam-nuttall-signs-contract-for-new-falkland-activity-6653577690257342465-QVdy

I will keep asking this.
Who are Morgan Stanley lending over 2 million shares too?