We invested £474,133 and sold them around 6 weeks later for £2,869,200. A nice little profit, think the warrants have now expired. I also believe, and can't find the RNS at the moment, that after that we changed our investing policy to holding any new investments for at least 90 days.
Nicholas Lee and Peter Redmond have pulled this trick before. In Dec 2011, PTR, then called VIRIDAS bought a stake in LDP, one of Redmond's former cash shells - I think it was about 600 million shares at 0.15p each, shortly before share price rocketed. Shortly after Nicholas Lee was appointed director and just over a year later sold his stake and stepped. Can't remember what VIRIDAS made on that company but I think it was north of a MILL. Not long… Read More
... if the MMs can pull the same trick as yesterday, where only buys come in and yet the SP goes down. One thing's for sure, they're wanting to keep a tight control on this. Methinks they will really struggle to keep PRS down for much longer. GLA.
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