RE: Averages10 Oct 2023 17:51
That JBER seem to be the MM of choice for the ongoing facilitation of a pretty continuous -shed- loads of bond holder selling here is a factor that is too much swept under the carpet by posters in singling them out for ongoing hard criticism imho..
No doubt they play around the grey edges of what their licence allows but so do all market makers.. and, generally speaking, my guess is peoples ire should be far more directed away them and towards Art:
(One of the reasonable few posts I've had removed here recently was along these lines... and so I'll try and word it more nicely this time.. but fully understand it too may again get removed quickly anyway)
Perhaps not just Shareholders, but Bondholders here too, in the round, feel 'somewhat let down' by Art, including for eg Anavio who were tempted on board here by Art's fine macro pitching of the huge potential alongside his 'clever' steering away from the low level financial precariousness of COPL.. and only when Anavio came on board - including unforeseen winter shut in granted - did they fully realise the extent of the ongoingly growing financial mess here ...and so they felt, in the circumstances, that joining sundry other Bondholders in dumping hard towards hedging their bets to a level they as a firm were 'now' more comfortable with was OK .. and JBER, as primary facilitator, of all all this bondholder selling know well in advance of us shareholders the - huge - extent of selling that was coming as we went here, and therefore it's actually with 'fair reason' that much of their ongoing brutal dropping of the share price here has happened !?
IMHO