UK 14:41 Sunday, 4 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Noting Tom Winnifrith’s comments HERE that in the light of his revelation that Equities First Holdings LLC (EFH) had dumped the whole of the 2.25 million shares handed over by Cloudbuy Chairman Ronald Duncan in the sale-and-repurchase loan arrangement, he hoped that Cloudbuy’s shares would absolutely ‘roof it’. Well they have.
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Comments
drunken sailor
But when Mr Duncan goes at the end of the term to buy his shares back for 27p, will EFH be there or will they have moved all their ill gotten gains offshore and be bankrupt?
A very strong possibility and exactly what happened with a lot of no recourse lenders in the US.
Jane
The obvious way for EFH to be able to deliver shares in any of the seven or eight companies that we know to be involved would surely be to short the stock very heavily and drive the price through the floor and then buy in the market? Now there might well be some kind of “sophisticated” hedging in place (although could this be done for a period of three years?), I would have no means of understanding that or have access to the details and therefore would not be investing on a level playing field and thus this has always been my concern in now looking at these companies as long-term investments. Look at OPAY where EFH would need to deliver stock back to Joël Leonoff at about 267p and the present share price is not far off double that price and where the amount of stock involved is really very substantial. Imo, there’s quite likely a very substantial disguised overhang on all these shares. These arrangements by CEO’s of quoted companies with EFH are, imo, potentially very harmful to ordinary shareholders and a serious deterrent to investing in the companies involved.