Member Info for YorkshireLife

Ali,

If you mean with ref to spoofing and layering, you'll find info about it in the Burford 12th August RNS.

:-)

Seems to me that MW and other shorters could easily be robbed of the tools of their trade by insisting that the MM's only adjust the SP on "actual" buys and "actual" sells... and not by referring to a rigged order book - when transactions often - purposefully - fail to complete.

Just imagine: AIM with a professional code of conduct!!!!!! Whatever next ;-)

Scally,

I agree I am being cynical - but don't you at the "very least" question why it has taken them so long to begin to revisit Balcombe if it was so promising? Why re-visit Brockham first - if Balcombe was a proven resource?

Trust in Angus Directors???????

Where I come from "trust is earned" and ANGS Directors have NOT earned anyone's trust here!

Hi Ocelot,

To clarify: I think it can "get worse" due to history repeating itself... even at this low SP level, as I said:

"Placement by year end... more dilution... more failure... more jam tomorrow... more loss of share value... all the time whilst the prosecution case is building against management in the background... "

Have I missed anything? ;-)

Let's see Jaffas (sorry... couldn't resist):

1) Balcombe has a water issue and no planning even submitted yet?

2) Brockham has a water issue and no oil (apparently?) and hasn't even been tested, but might be sold off now (who to - in God's name!?!?)

3) Saltfleetby planning has been submitted, but - even pending a positive outcome by circa year end, there is still A LOT of time consuming and costly work to do before it can be "proved" successful.
Lucan says the following: "We will carefully update shareholders with the timetable and milestones in this process as they become known to us."
For anyone unfamiliar with city speak... "Milestones" never sets an investor's heart racing... as it simply means that any proof of pudding is a long, long, long, few "miles" down the dusty road yet!

4) I keep forgetting Lidsey... Oh well... let's forget it... nothing lost there!

So... CAN IT GET ANY WORSE? I honestly think it can :-(

Placement by year end... more dilution... more failure... more jam tomorrow... more loss of share value... all the time whilst the prosecution case is building against management in the background...

Not looking rosy at all.

Trying to get my head around Gladstone's short: Currently 0.82% after an increase of 0.05% 8th Aug!

The only reason I can think that they are still holding is that they took out a longer short and are unable to extricate themselves without penalty... anyone else have any thoughts?

I guess we all make costly mistakes from time to time ;-)

Isas,

Amazing also, is the audacity of Muddy Waters to claim that they are doing investors a great benefit by exposing malpractice!

Seems clear to everyone that "they" and their trading partners in the know are the main financial beneficiaries here at the expense of long term investors. They would have us believe they are altruistic... if that were the case, how come they make millions themselves from their reports which simply cash in on other private investor's losses.

Probably changing batteries in the short selling auto trade bots ;-)

This is a truly bizarre situation. Here we have a dividend paying, profitable, company with a long history of stability and market growth in what is - after all - a "challenging" profession...

... then along comes a short seller (MW) with a bank of spurious claims and half the value is wiped off the table in a fortnight - despite solid professional defence by management, director buy-ins and full disclosure and transparency via RNS responses and webinar.

This market is "seriously" broke and needs fixing!

TraderL,

The cancelled sales created an appearance of volume sells on the book which caused the MM's to mark the price down... this impacts the SP obviously by the mark down, but also by panic sells and by hitting stop losses... PI's and II's are affected by stop losses being taken out as sells then become actioned further dropping the SP and repeating the cycle...
Add into this mix some bonafide short sells and we end up where we are. Process repeated again today.

This issue is magnified by the automatic control of systems across a multitude of broker / market maker and end user platforms... so the speed and execution is magnified and accelerated which drives a seismic shift very quickly.

My personal belief is that the SP is now disconnected from true market value as a consequence of the "alleged" illegal short attack and therefore should be re-rated for precisely that reason. If the MM's do not assist in bridging this value gap, then investors will smell value and add to their existing holdings (averaging down to bring themselves back into profit) or building stakes as new holders.

Either way... at current SP there is a LOT of profit to be made here

LOL. So long as we all keep smiling... tomorrow is another day :-)

Clearly he was making a joke, Nextriser...

He even added a winky face to help you out...

I fourth that. HL excellent :-)

The beauty of forensic accounting aided and abetted by modern technology these days... is that a digital trail can be followed and linked to ALL individuals / organisations involved in any malpractice!

And there are would seem to be few better qualified (and more motivated as a consequence of MW's damage to their reputation and value ) to undertake this work than Burford Capital!!!!!

LOL... So MW don't know any "friends" who could do this for them?

Hmmmmm strange how those "unusual" trades started prior to the report being released... there must be psychic's working in the markets these days!?!?!

Sadly the market will now factor in some dilution and a little more time for results... we all knew this was coming

Forgone conclusion... as predicted, but must say the price is fair and reasonable... and higher than I anticipated.

Further evidence today for the forthcoming law suit I would say:

Spoofing is the placement of a high volume of trading orders at a price equal to or better (i.e., lower) than the best-bid-best-offer price and subsequently cancelling these orders to move the price in a given direction without actually concluding any trades. For example, consider a stock where the current best offer is £9.99 per share. A spoofer might place a high volume of sell orders at £9.98, causing the best offer to decline to £9.98, immediately cancel those sell orders before they can execute, and then place a high volume of new sell orders at £9.97. The strategy of repeatedly placing and cancelling sell orders at or below the best offer without actually selling any shares artificially drives down the share price.



Layering is similar to spoofing, except that instead of placing and cancelling a high volume of orders at the best offer price, the manipulator places these orders deeper in the order book, at prices above the best offer. Continuing the prior example, suppose the manipulator worries that the artificially "spoofed" sell orders at £9.98 will be inadvertently executed before they can be cancelled. Instead of placing these orders at £9.98 (or £9.99, the original best offer), the manipulator may place a high volume of orders at £10.01, £10.05, or some other price slightly above £9.99. These orders are virtually certain not to be filled but they affect pricing by suggesting falsely that there is a large volume of shares for sale.

If they can prove it (and if they can't who else can?) then there could very well be a share suspension on the back of this!

Have you heard the Herd stampeding Alan?

Whilst I agree with your thread. Mrs Thatcher is probably not the best candidate to choose to illustrate your point as she was dragged kicking and screaming from her post in parliament at the end - as I recall ;-)

Thanks for posting Jaffas...

*************: "But this is where it really stinks. Tidswell-Pretorius founded Angus and is the key man there. He remains on board as an employee. We understand that his salary is unchanged and that he remains a key decision maker. Moreover the company agreed to help him rebuild his stake by issuing him c7 million share options in August. In other words, other than the TP name not appearing on press releases, nothing has really changed."

This quoted passage summarizes it all really...

...and investors are still supposed to trust ANG with Tideswell still in place!