Darron Giddens appears to be the Finance Director at Pinn.
Today's RNS disclosed that Darron Giddens now holds over 3% of Pinn shares, a total of 3,890,931.
I assume that the extra 2,343,312 were picked up at 4.2p in the placing. If so, then surely this should have been mentioned in the Directors Dealing's and Holding's RNS on 12/2/2016 or am I missing something.
I did say what would happen here. Duckworth's punitive buys trying to install confidence after decimating the share holders is disgusting. He's saying yes, we completely shafted you but now that all the boys have the cheap stock lets get behind them.
His purchase of these 150,000 shares at least caused a temporary rise in the SP enabling some to sell at a higher price. However it's very unlikely that he will keep doing this if the southerly trend continues toward the placing price.
3 weeks ago when the SP was 9p I asked the following question:
Does anyone know of any AIM Technology Shares where following the announcement of a placing the SP has remained at more than double the placing price in the weeks and months that followed?
No answers were received therefore if PINN can avoid going any lower, it will certainly be a unique AIM share.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.