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Whimax,
No. Holders should notify as each percent is crossed.
If a seller crosses several percent within the initial notification period of a few days then you may see several percentages covered in a TR1. In this case we're looking at a much longer period and the delay would be far too long.
Bottom line, CPI would have had to provide multiple notifications over this long a period.
I was under the impression thresholds only needed to be notified upon once the seller had completed their sale? i.e. someone selling down from a 20% stake, need only notify the market once they have either finished selling, or fallen below 3%.
Maybe I’m wrong?
F knows. We have a block seller and we have for ages, unless MM’s are playing games. Making sense of the trades is like trying to make sense of my bipolar ex girlfriend!
Cdub, the FCA set the rules for thresholds. The seller must notify the company within 4 trading days of crossing a threshold.
“The notification to the issuer shall be effected as soon as possible, but not later than four trading days in the case of a non-UKissuer and two trading days in all other cases, after the date on which the relevant person:”
https://www.handbook.fca.org.uk/handbook/DTR/5/8.html
Cdub1 all I am saying is talk about the positives. For example the link I posted re. Kissei and nuformix patent...
Investor81 just speaking the truth. We have a block seller, it doesn’t matter because virtually every small cap I’ve ever owned has had a block seller (often why I buy in). Once they clear then up she goes. I have plenty of these and I have been invested in this for nearly a year now. I personally think it’s the most promising share on the market at the moment. If I had more cash I would be pouring more into this.
Cdub1 you are all negative. You looking to get a lower entry? Why not comment on the positives and sell the positives?
What are the rules for thresholds? I know sometimes TR1’s land quite sometime after the threshold has been crossed. We have a persistent block seller. They have been selling in round number blocks daily for quite sometime now. It’s consistent and isn’t just traders and PI’s.
Cdub. Are you categorically stating Nuformix and CPI have broken market rules in not declaring crossing of thresholds?
I said CPI would sell everything. Remember any government organisation never makes sound economic decisions.
Cdub, CPI have not been selling. There would be holdings notices if they had as they cross thresholds.
Happens all the time. Everyone has their reasons to buy and sell.
Well we’ve had 64 working days since the 16th of August when CPI announced their selling. They had 56.25 million shares left on that date. During the Kissei news period they were unloading huge amounts. They’ve averaged around 500,000 sells most days. So let’s pray that they are nearly out or just out. Does anyone know the rules on TR1 thresholds?
And another 500k trade..
FHP, my guess is the 2 x 200k trades were either a rollover or isa
Well the 500k and 1 mill do look like sells but also the last min 2 x 200k were buys so swings and roundabouts here.
We know what we have and again could hit any time so let's be patient. Dan if you're reading this, send us a smoke signal or something :D
In all honesty Mana, the time of that 500k was when the sp was over 9p, looks like the sell that kickstarted the flurry of action.
Perfect, get them out of the way, blue skies are looming..
And there's your 1m sell.
There's a 500k sell that preceded the drop below 9p.
Nothing too out of the ordinary.
I managed to squeeze a 2500 buy in just before the bell. It watered down my 10,000 at 11p last week. *face plant
Soon be Christmas! :)