Member Info for Radium1

A low bid attemped by PE will lead to a bidding war before this is settled, in my view.

Well, we are down 33% from our £8.40 peak. I'm asking myself if that is it for now? If not, and they go at it again tomorrow, then I'll be spending some more money on this one. We may get the clue to that, after London closes.

dog re ....It's been going on a while, but it appears to me it's become rampant as of last week....

That concurs with schroedar.....Schroedar note.....I counted over 1000 trades of 100 units of the ADRs tonight, starting immediately after London closed, (Friday). ....They have used the same tactic on 8 consecutive days.

FlyingHorse1 re your...A simple buyback programme would kill this immediately...

Well, I rest my case on that one while accepting that others don't agree with this as a solution and that senior management may not be able to wrestle easily with the pros and cons of the wisdom they are recieving from their advisors.

Gdog has expressed his own view on this, but I wonder if that has changed now that he subscribes to the conspiracy theory?

It's annoying, but if the b*stards continue to work on this between now and the next earnings update, (maybe 6 to 8 weeks away), then I suppose I should take my share of the advantage they are creating and buy what I can along the way. I just don’t need them, that’s the problem.

Tricky re your....Still, I can't believe what is happening to us is anything new.

So, no problems at all then?

Tremor’s sp closed at £6.12 on Friday. In the US, after another day of high frequency low value algos, (schroedar…. they have used the same tactic on 8 consecutive days.), Tremor’s sp closed at c. £5.80. The London opening price on Monday should reflect the US close.

Where are there any regulatory experts out there? What are the regulatory issues? Indeed, are there any? Is it all Kosha? What’s to stop it continuing?

I’ve given my answer to the latter and happy to listen to any others.

The Robinhood approach sounds good!

What I meant to say in the last para was.....I guess it won’t happen but, in my view, a buyback could be used (strategically) first thing in the mornings to mop up our marked down shares on the AIM, i.e. the arbitrage these guys created the day before with their Nasdaq HFT’s.
If you extinguish the advantage they create, they will move on. Send the message, otherwise our dual listing may forever leave us vulnerable.

Has someone switch a light bulb on?
Shorting is one thing, but what is being done with Tremor’s shares is out of order. Shorting Tremor, using high frequency trading on the other side of the Atlantic when our market is closed, with the secondary purpose of creating a lower sp here on AIM the next morning i.e. arbitrage the AIM using multiple small volume HFT type trades on the NASDAQ, allows these guys to short the hell out of Tremor after London closes, then, as mentioned by schroedar, when the AIM is marked down the next day to the US close price, buy them back on the cheap when it opens here in the morning. It’s easier to do that because the AIM volume is much more substantial. This is what schroedar has identified in his note.

I guess it won’t happen but, in my view, a buyback could be used (strategically) first thing in the mornings to mop up our marked down shares on the AIM, i.e. the arbitrage these guys created the day before with their Nasdaq HFT’s.

Shorting is one thing. Using high frequency trading on the other side of the Atlantic when our market is closed, with the sole purpose of creating a lower sp here and further selling i.e. arbitrage on the AIM, when the AIM opens the next morning, is what schroedar is identifing in this post…

schroedar.....I counted over 1000 trades of 100 units of the ADRs tonight, starting immediately after London closed. Why? Firstly, the liquidity on Nasdaq is negligible. What we have no idea about Is the total number of securities held as ADRs. What we do know is that high frequency low value algos can easily drive the price down without any counters from a closed London market. As the London market opens lower causing retail investors to dump their stock, our resident us shorters can simply buy in a more liquid London market where there is decent 2 way flow, so matching their short position in the adrs creating a riskless arbitrage profit. They have used the same tactic on 8 consecutive days. When the price inevitably and dramatically spikes up they won’t care because they have zero net exposure. The day they get screwed is the 7am London RNS with super positive news. I guess they think there’s nothing likely to disturb them this month.

dog re...When one shorts, they usually borrow the stock from a brokerage firm to short.

Yes and, as I understand it, the brokerage must place those short-sold shares onto the market immediately. Not in 1000+ lots of 100, spread throughout the day and then repeated in a similar pattern day after day.

Re your… OK, TBH, I think a buyback would be totally lame at this point in time… it's in our DNA. No offence meant.

My reasoning for this is, in my view, that buyback could be used to mop up, on the AIM, the arbitrage these guys have created the day before on the Nasdaq. Extinguish that and they move on. No offence taken. atb

rusty....yes, and I was very conscious of the reasoning he provided before I wrote, but given the hits we are taking right now in the curent void, and this could go on for months, I've asked Ofer to 'reconsider' reinstating and completing the buyback that was in place prior to the IPO, for a short period of time, to see us through to the next set of result. There are unused funds that were allocated to that buyback that could now be put to good use in buying back this company's depressed shares. If announced, I think these wreckers will move on.

This from advfm courtesy of schroedar. I think these guys would move on, given the announcement of a share buyback.

schroedar.....I counted over 1000 trades of 100 units of the ADRs tonight, starting immediately after london closed. Why? Firstly the liquidity on Nasdaq is negligible. What we have no idea about Is the total number of securities held as ADRs. What we do know is that high frequency low value algos can easily drive the price down without any counters from a closed london market. As the london market opens lower causing retail investors to dump their stock, our resident us shorters can simply buy in a more liquid london market where there is decent 2 way flow, so matching their short position in the adrs creating a riskless arbitrage profit. They have used the same tactic on 8 consecutive days. When the price inevitably and dramatically spikes up they won’t care because they have zero net exposure. The day they get screwed is the 7am london RNS with super positive news. I guess they think there’s nothing likely to disturb them this month.

Anyway, they have money remaining as unused from when they terminated the last buyback. What I'm asking is for Ofer to consider restarting and completing that buyback now.

dog re...They recently sold ADSs at a price of 19. Then, five months later, they use the cash to buy shares back at a lower price. That won't sit well with a lot of investors....

I've seen similar done. Infact I'm almost certain that Canutes Totally Plc. did just that. No complaints there.

Re...personally I'd like to see them ride it out and kill the shorts with performance.....

There is no catalyst to surport Tremor's sp for the next two months. That leaves the shorts a void to play in. It could be messy for us during that time, given the open goal and no buyback for support.

gdog/others...apart from any regulatory action, SEC or otherwise, I think management needs to consider giving support to the share. To that end, I've sent this email to ir this evening for attention of Ofer Druker. Others may wish to air their own thoughts ...email contact details are given here...
ir@tremorinternational.com

Please forward to Ofer Druker.

During the past week, there appears to be a continuing and serious effort to drive down Tremor’s share price on both sides of the Atlantic. Tremor’s share price action is worrying, particularly so over the last few days. Having been pushed down hard on the AIM for most of Thursday and Friday, what then followed was a marked decline in our ADR price on the Nasdaq almost immediately after the UK AIM market closed on Friday, at which point Tremor’s ADR’s were driven relentlessly down for the rest of that trading session, by numerous small sales of about 100 shares. Some have reported more than 1000 small trades of 100, on the Nasdaq.

In the face of this, and with Tremor’s 3Q earnings out of the way, there isn't a catalyst in sight to give our share price the support it requires and the next possible support is months away… the 1Q22 earnings report.

It’s probably the reason the share price is being worked with ease right now. Such attacks however are damaging to shareholder moral and if left undefended can undermine confidence in the company’s future and its management.

This correspondence is therefore, a request that you reconsider restarting the buyback scheme terminated earlier this year with the announcement of the IPO, and to do this in support of Tremors share price in the short term at least, i.e. between now and the 1Q22 results are published.
Thank You.
xxxxx xxxxxxx. Shareholder.

FlyingHorse1, re your...Looks like there is going to be an investigation into TRMR short selling.

Whereas, on the face of it, it looks very much like Tremor is being worked both sides of the pond, a statement like this won't work and can damage your personal kudos unless you back it with substance.

Canute....the boiler room boy. Is he may be your pimp as well?

FlyingHorse1....yes, and as from now, each time, as and when they manage to successfully drop this under £5.95ish, then I'll continue to snatch some as they work it, which I have done this morning. I don't need more Tremor, that’s for sure, but an advantage is being created and I will be taking it. This is a crazy price for Tremor. Crazy. If others can do likewise, it will wear the bugg ers down eventually.

Depending where this opens first thing in the morning, it's likely I will be adding from tomorrow onward as well. It's just too difficult to resist at this price and below. I have enough of Tremor and said I would not add anymore, but feel that I can't resist this now. My one leveler in buying into this one again is, with the earnings out of the way, there isn't a catalyst in sight to give this a lift and the next one is another few months away. Probably why this is being worked with ease right now. I may as well take my share of that advantage. That said, management may come under quite a bit of presure to start another buyback, if this weakens too much more.

In the presentation, Offer Druker addressed these doomsters reminding them, and the rest of us, that 18 months ago Tremors sp was c. £1.20. Having peaked at around £8.20 it now sits at £6.40 and therefore up 500%+ in that short time frame. A time frame in which our resident nasty brigade has fallen over itself trying to stop the upward trajectory from happening. Anyone stupid enough to have been persuaded has missed out on a 5x bagger. Worse, they/he have/has been trying to work Tremor’s sp down ever since it’s low of c 70p, so you can work that loss out for yourself. Canute in particular comes with a serious wealth warning and therefore it was good indeed that Ofer Druker managed to address and mock the un-named ‘someone’ who apparently had been putting it about that Tremor would be issuing a profit-warning. Who was that aimed at?