Mysquar Share Discussion Threads

[dan de lion] 21/7/2017 11:53

Shareholder Question: Source of Revenue

Dear Shareholder, on 13.7.17 you wrote:

Q: Is the majority of your revenue from MySQUAR operations or from sister companies?

There are requirements under the AIM Rules to disclose related party transactions where they breach 5% of any of the class tests. We will also include a summary of related party transactions in the Company’s annual report in accordance with AIM rules.

[anangf] 18/7/2017 11:09

A lot of speculation on this board re the warrant exercise. If this was such a manipulated activity as is suggested, why hasn't this been done for more size.
The theories of the shorters will get blown away if we see 6p again. What's the argument then?
The RNS of 4th July was excellent news.
DYOR

[dan de lion] 18/7/2017 08:04

T20 trades are reported on the day of the trade there was no trade of 1.8 million on that day, beside the fact that it would have been virtually impossible to catch the top of a spike and sell 1.8 million shares.

[eswr] 17/7/2017 23:23

The person shorting at say 6.5 pence and then exercising the warrants at 5.5 pence to close the position - they probably want to show support by the apparent exercise at a premium.

[keya5000] 17/7/2017 22:53

JK,

why not use market stock and bank 2p though?

Seems strange on both sides.

[grahamwales] 17/7/2017 22:41

Borrow the stock you want to bet against. ...
You immediately sell the shares you have borrowed. ...
You wait for the stock to fall and then buy the shares back at the new, lower price.
You return the shares to the brokerage you borrowed them from and pocket the difference.

[grahamwales] 17/7/2017 22:32

JakNife/Log

Genuine question are you shorting MYSQ?

[keya5000] 17/7/2017 22:16

GW you can.

Sell at 6p on a t+20.

Exercise warrant to coincide with settlement, trade then balances out at the gap between such.

Why use 5.5p warrants thought when you could use 4.5p stock from the market

[grahamwales] 17/7/2017 22:01

Shorting is where you borrow shares to sell, you can't sell warrant shares that have not been converted. I they borrowed shares to sell at 6.5p then yes. But why short the share then excercise the warrants i.e buy shares at 5.5p.

You can't borrow shares that are not listed ffs.

[keya5000] 17/7/2017 21:56

Holders have a point, why waste warrants that would only give you a marginal return to close the sale when if that was the intention use current stock at a purchase of c4.5p?

[andymunchkin] 17/7/2017 21:45

tislife isnever straightforward may calthem benders

[888icb] 17/7/2017 21:38

Why would someone exercise warrants to settle a trade at 5.5p when you can buy them in the market for 4.5p. Seems pretty stupid to me, almost like throwing money away.

[eswr] 17/7/2017 21:38

@grahamwales. You are missing the point. Someone sold on a T+20 settlement stock when it reached 6.5 pence; they are then closing the position by delivering the stock they receive from the warrant exercise at 5.5 pence. They profit from it at 1 pence less costs of say 1.5% on sale and much less when they deliver up the stock. No stamp duty as it is AIM listed. They make 18% gain less costs.

[grahamwales] 17/7/2017 21:34

Most warrants are never excersised as they are well above what the share price will ever reach. So don't give me any bull that that's how most are dealt with.

[grahamwales] 17/7/2017 21:25

Many investors are still not aware that they are able to trade AIM companies via CFDs and are still continuing to use outdated products to trade. Traditionally, investors trading Aim shares over the short term have used T20 trades, allowing them to agree to buy a fixed number of shares at a fixed price and paying for them in 20 days’ time. The costs of the trade incurred by the investor will include a commission of up to 1.5% to buy and another 1.5% to sell, a 1% premium to extend the settlement and finally stamp duty of 0.5%. Therefore, taking trading costs into effect, investors require a 4.5% movement in share price over a very short timescale (20 Days) in order to break even.

[grahamwales] 17/7/2017 21:24

So are you suggesting they have shorted the share and now buying warrants at 5.5p. T20's are not used for shorting. They are there to allow people to buy shares who do not have the capital to pay for them. Read up on it. Why would they open a T20 to short the shares then buy them at 5.5p.

[grahamwales] 17/7/2017 21:12

Tell you what post some info from a web site that says you can sell shares you don't have via a t20. Then I will accept that.

[grahamwales] 17/7/2017 21:09

You can't sell T20 you can buy them without having the capital then sell them if they go up to make money

[loglorry1] 17/7/2017 21:04

You can sell T20 too. You get the current price and have 20 days to deliver shares. You can do this with warrants you hold.

[andymunchkin] 17/7/2017 21:02

dont messwith loggy heis right