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Yet more confirmation never to hold shares in anything that Trevor Brown is involved in, how can you have a placing at 22p and then have him sell 10% of the company a few weeks later at the same price?! Next door to stealing from PI’s IMO
This could also be on purpose. A company who are about to issue major news must have liquidity, could they be selling their state in agreement with Brave to help liquidity (I wouldn’t be inclined to bet against that. They may be reward with Warrents etc)
Warrents won’t be selling, end of that. But we are safe in the knowledge we have multiple sellers here. Good news is there’s nothing wrong with the company or the news they are coming out with. So shortly selling will end mainly we can 100% say 1.1 million shares have sold on top of Norris’s holding (I suspect more really). So whoever the second seller is they will be done soon if not finished today.
That buying pressure was mental today and is most definitely not just us pi’s, someone’s loading up knowing. Who knows why these people are selling, most likely as they need the cash and know they can keep on selling whilst the demand is there.
All a pi has to do is hold and wait for it to end, we surely must be down to the final hour now, multiple TR1’s will be enroute.
Two independent sources on Twitter have confirmed that Trevor has not been selling. If it means we have additional funds through the warrant option then so be it (jedi)
replied back
Done Euclid
Thanks guys yes a nice boost to the coffers as it were
all the cash which would help with any funding gap + why I think the sudden heavy selling with the current liquidity so they can pocket the profit from both forward selling the placing and from selling the actual shares and have the cash to buy the warrants at 40p
drop us a pm please
Brh will receive all of the funds on conversion of the warrants at 40p - assuming all s/holders covert their warrants
Does that release extra cash for BRH. So 1.5M at 40p converts to £600k. How much would BRH receive?
Okay thanks - evidently my lack of understanding.
Bladermann, they don't sell the wrts at 40p - they have the right to the warrants & pay 40p for them - so they have to sell them above 40p to profit from them - if they elect to convert they get to buy the wrts at 40p then sell them onfor as many shares as they are entitled to from the warrants
_ _ ________________________________________________
A stock warrant is a financial contract between a company and investors that gives the investor the option to purchase the company's stock at a specific price and by a specific date. A stock warrant allows the holder to receive newly issued stock from the same company that provided the warrant. While the warrant expires after a certain date, the investor is still allowed to make the stock warrant purchase (via common stocks) at a later date if he or she chooses.
Structurally, stock warrants are used to attract buyers to a company's stock, potentially enabling the recipient to buy the stock down the road at the warrant's "strike price" (the agreed-upon price) at a price lower than the stock may be trading.
https://www.thestreet.com/investing/what-are-stock-warrants-15020045
We are at the placing price and warrants can sell at 40p. The raise was month ago and was only £625k or 3M. If the CEO isn't selling then it would have to be Thomson Ltd. Look forward to the Tr1s for both selling and buying as someone is likely to have passed 1M through the aggressive buying yesterday and today. All a bit crazy but we are progressing the aptamer (better than antibody) portable device testing kit and o my valued at £6.5-7M which literally is penuts in the COVID space
Just my thoughts but... First placing on the 29th April at 17p NO WARRENTS..
Placing to raise GBP275,000
Braveheart Investment Group (AIM: BRH), is pleased to announce that Peterhouse Capital Limited, the Company's broker and agent for the Company, has placed 1,617,647 new ordinary shares of 2 pence each in the Company ("Placing Shares") at a price of 17 pence per share ("Placing Price") to raise GBP275,000,
Placing to raise 350000 on the 1st of May WITH WARRENTS AT 40P
Braveheart Investment Group (AIM: BRH), is pleased to announce that, further to the announcement on 29 April 2020 and following significant demand from investors in the last two days, Peterhouse Capital Limited, the Company's broker acting as agent for the Company, has, in an over-subscribed placing placed a further 1,590,909 new ordinary shares of 2 pence each in the Company ("Second Placing Shares") at a price of 22 pence per share ("Second Placing Price") to raise GBP350,000, before expenses (the "Second Placing"). Investors have also been offered the opportunity to be issued with warrants. Pursuant to this offer, a total of 1,590,909 unlisted and non-transferable warrants in the Company, exercisable at 40 pence ("Warrants") within eighteen months from Second Admission (as defined below) may be issued to the acquirers of the Second Placing Shares.
If you took part in the placing(Ings) you forward sell the shares to make money... After the test RNS that is the signal and provides the liquidity to ditch your current batch of shares at a profit to then PAY for your warrant shares at 40p.
Did Norris or any of the other major share holders take part in the placing of course they did. They know when the next RNS drops regarding being in receipt of the affinity macromolecule that will be the catalyst to propel the SP way past 40p for them to purchase the warrants and make the big money.. Norris made big money anyway in fairness
Could be wrong but would explain why multiple major shareholders could be selling out as they literally can't lose
GLA
Stav