Claros Cayman broker?
The corollary of that would be that all of the selling into that forced buy in was just randomn shareholders selling into a known BID. You agree with that? Else there had to be a big seller arranged to sell into the forced buy in and one would assume that would not be Claro if it was his broker forced to buy in after selling all his shares.
This morning didnât really look like random shareholders to me - 8M worth selling into a 10000 BID. It looked very pre-arranged from the open.
But the evidence for any theory is pretty thin so weâll just have to live with whatever it was. {Shoulder shrug}
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BTG Pactual.
They have branch office in Santiago just down the street from Juanâs office I believe.
I think that office then had the certs moved to here:
https://www.btgpactual.com/cayman/about.aspx
Then somehow sold out of different entity in New YorkâŚthat part I donât understand.
For those that donât knowâŚBTG pactual was probably the most scandal racked firm in S. American in 2015. Only Claro would be stupid enough to be involved with them.
Unfortunately, it appears we may have underestimated the number of shares that Claro has to sell. It appears possible that he has access to some of Juanâs shares which he also might be selling.
Wow Juanito being taken to the cleaners too
This family affair gets better by the day
Iâm not speculating on the seller one way or another. Iâm more focused on the source of the 60 million share buyer. Itâs definitely feasible that the selling and buying were coordinated. If the 60 million share buyer is filled and doesnât reappear itâs safe to assume they werenât a ânaturalâ buyer (is the point Iâm trying to make).
The origin of the selling is an impossible speculation. We simply canât rely on anything coming from Les that relates to buying/selling. Heâs NEVER had a handle on the price action and, IMO, the âLondon Groupâ and other institutions he refers to are as real as Santa Claus. Institutions do not deal with people like Les.
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Remember that info is for entertainment purposes only and should not be considered factual.
I donât think Medinah has visibility of the seller. Rather, everything points to Claro via the process of elimination. Only a few small handful of entities/individuals could sell that much into the market and other possibilities are easy to rule out.
Which goes back to your question yesterday whether the price will hold up once the buying is done. But now you can not even tell when that is as long as millions of shares can go into a BID showing 10,000 or 110,000 (cute). This current ploy could just be to make you think the volume buying has stopped. Maybe he has re-loaded behind the mask and just doesnât want to show it. Again, quite displeasing.
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Is it possible Auryn put official or unofficial requirement out regarding the downsizing of Juan/Claros share position prior to the execution of the option agreement?
I know there is a lot of conjecture here about Claro selling, but what if the story is correct that Claro did not sell but that he allow his shares/certificates to be deposited in a margin account, which gave his broker the right to short those shares. Then suppose Claro wanted those certificates back and the broker had to cover his short in order to deliver those certificates. The broker probably had a nice profit from the short and worked with other broker to complete is buy back of the short. That could explain what we just witnessed a consorted effort by a few brokers to cover a short without moving the price of the stock up dramatically. This is of course all conjecture on my part but the pieces do seem to fit nicely together. If my guess is correct the next move would be for Claro to sell those certificates to Auryn as soon as everything settles, clears, and he once again has the certificates in hand. JMO
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I dont dispute that Claro is selling, however why his dad is letting him do it knowing that the ground holds billions of dollars? Isnt that odd?
No, itâs not possible unless you explain another seller besides Claro. Also, we already know why it wasnât done at a higher price with Auryn. JJ refused to sell to Auryn. Rumor is Claro wanted to. Auryn wanted the whole thing, not only Claroâs portion. So Claro dumps.
Look, youâre asking the wrong people. You keep asking us and all we can do is speculate. Youâre not going to get answers that are guaranteed and even if you did, you wonât be satisfied with them. So instead of belaboring the issue here, go to those that might know. Nobody who posts here knows definitively.
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Really? Heâs an adult with a very dysfunctional relationship with his father and has been hearing for years how valuable the property is.
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Itâs a possibility Karl, but then where did the 60 million real shares of selling come from?
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Karl,
A simpler potential explanationâŚhis broker via the slimy CDEL shorted 60 million shares when he saw Claro deposit a 60 million share cert. The broker then put up the block to cover and Claro has sold into it as the broker originally guessed.