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16/06/16
18:19
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Originally posted by Elliot5
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ON page 13 of the latest preso, we have the top 20.
It is apparent from that list that The Sentient Group has handed their shares over to a trustee holder = National Nominees Limited (i've checked The Sentient Group website and they still hold / own Senex in their investment portfolio)
So as I posted some 4 - 5 months ago I suggested 1 of our major shareholders had loaned their stock out to the shorters, and during that time over 15% of the Senex stock was held short, and the mostly likely culprit (who had sufficient volume of stock) was The Sentient Group.
So presuming my assumption is right ..... how piss poor for your most largest shareholder , to let their stock be sold short, whilst the little guy gets punished.
Its not illegal, but IMO it should be. At best is damn unethical.
albeit it allowed that shareholder to profit whilst others suffered.
1 of our own Directors (Ben McKeown) is also a Partner of The Sentient Group.
I believe this issue should be raised directly with him at the next AGM.
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I think it is ok. They would lend stocks to shorters only if they need stocks more than money, meaning that long term they are bullish. Because they know that after shorting stock it will go down straight away.