Famous last words but I don't see the price spending much time below 0.13p as that is the price for Jan's option package and he won't want a lot of people having a lower "in" price than that. Yorkville will have laid off some of their new shares to PCBs and some of those might be willing to take a small loss to manage risk but I reckon Yorkville themselves are probably held to a floor of 0.13p. Aside from Jan I would think that the other placees would have insisted on a floor price for Yorkville. Downside case (for balance) is that someone knows some inside bad news. This does not seem all that likely after recent RNS. GLA
one block, the day I sold 300K shares I saw 3 times the same block but I was selling only 300K shares of my near million shares.... very strange, how they can play with the market... empty order and ghost shorting??? if they got shares at 0,13p how they can short below 0,11? or they have received shares below 0,10p and this is why they are shorting this??
this market is more an more complicated every day.... the best it's buy a lotto ticket these days...
They bought at a higher price, if that makes you feel any better? I am no expert at how YVA operate but suspect that they probably shorted at a higher price (hence the recent price drop) and are now covering those shorts with the shares that they got in the fund raise. Or similar, as I say, i'm no expert. But they are bound to have hedged themselves :-(
"The Subscription will comprise the issue of 250,000,000 new Ordinary Shares (the "Subscription Shares") at a price of 0.13 pence per Ordinary Share, to raise a total of £325,000 (US$512,395)"
Yep I know how you feel my friend, I am losing nearly as much as you but only half the amount invested,my investment is over 7k and they are now worth just over 1k, I also check it at least 50 times a day ha ha, have faith in Jan ;-) I will be averaging down in the next few weeks for sure .738 isn't a good average. Have a good day and good luck to us all, we deserve it ;-)
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