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To be fair to this forum, it has proved a supportive environment of sorts for us PI Longs. At times there is bombast but its easy enough to ignore and there is a filter button if a poster really is get on one's teats. In the meantime, I am going to talk myself into believing that in Norway, rather large players may be seeking to deploy more of their ginormous oil earnings into this stock. Remember if their reserve fund decided to invest £3billion into THG it would only be a 0.28% dent into their reserves. We know Norges Bank bought and chances are they have these discussions over fine salmon cuts with the reserve fund. I am looking for £3.50+
Ahh, I love buyers with deep pockets like the Central Bank of Norway. I fantasise that the bods round there are having a quiet coffee round a warm fire in Oslo with the Norwegian State Pension fund ($1.35 Trillion) and thinking just how much they would like to spend on this near certain winner. As they sip their drinks they laugh about the fact that If the Pension fund bought £3billion's worth of THG shares that would equate to just over 0.25% of their funds.
Charged by SEC Pump and Dump: Ronald Bauer: On Linkedin -- seems a very respectable bloke. Venture Capitalist and Principal Investor.
The SEC have however charged him and a motley crew of Pumping & dumping and wire fraud, max sentence on the latter 20 years.
1. This case concerns a fraudulent scheme comprising a series of highly profitable
“pump-and-dumps” of the stock of at least seventeen publicly-traded companies (“Issuers”)
quoted on U.S. markets.
2. From at least 2006 and continuing until at least 2020 (the “Relevant Period”), the
Defendants formed and acted in various combinations (or “Rings”), on a serial basis, to
(a) amass a controlling interest in an Issuer; (b) conceal their collective control of the stock of the
Case 1:22-cv-03089 Document 1 Filed 04/14/22 Page 1 of 58
2
Issuer; (c) fund misleading promotional campaigns to increase investor interest in purchasing the
Issuer’s stock; and (d) then exploit the buy-side demand they had created by collectively
unloading their shares of the stock on unsuspecting retail investors, thereby reaping millions in
illicit gains. Following each such fraud, Defendants divided most of their profits while
reinvesting a portion thereof into their next pump-and-dump scheme. Over the Relevant Period
the Defendants garnered more than $145 million in illicit proceeds.
"Sections 97-101 of the Companies Act 2006 allows a PLC to re-register as a private limited company by passing a special resolution of the shareholders at a general meeting or in writing. This type of resolution requires a 75% majority vote in favour of the change.19 May 2015"
Aye, you are bossing it at the moment. currently very soft but as you know these things can turn , sometimes swiftly.
New lows today, but not massively enough to undermine temporary bottoming idea.
But even a long like me remains emotionally detached enough to realise that if these levels don't hold, 99p may swiftly be seen. On a wider point , I sense (might be hope) there is longer term value in this at these levels. So happy yo keep averaging in.
Truant2, you get pelters on here as a doomsayer but the reality is we always need two views to make a market.
And whilst like many here, I am long, hope alone is not a strategy to make money.
The numbers can be argued back and forth all day long, I got involved on sentiment, because with all MM negative news, this 1.60-1.65 level still holds, lending a mildly supportive tone. Truth is, if it breaks. it calls for a reassessment of the position and yes ,99/100p , may swiftly call. Ultimately, till larger players get bored of selling, we are at their mercy.