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All very quiet
Time to put the cash and Spacs to use
Mmm...that comes to exactly 14M shares comprising the large trades since the last director holding RNS on 19-3-2021; or exactly 10% of the company, which could be divided 5% sells and 5% buys.
If they are all being bed and ISA'd and it is just one individual then that is too many shares for Mr Hemming, leaving only one candidate, Mr Labrum.
We know Mr Labrum has an ISA (admittedly not unusual to possess such a thing) as The Times told us so in 2014.
No doubt all will be revealed once the transactions are complete, but if it is Mr Labrum, and if all his shares are being put into an ISA (admittedly a lot of "if's" here) then he is only one third of the way to completing that.
But of course there could be other transactions taking place, about which we know nothing at present - we just see the resulting ripples cascading across the aether caused by unseen and unknown activity and have to interpret that as best we can with the limited information to hand.
I guess once matters are finalised share wise, to the satisfaction of the directors, we will all know as an RNS of some kind will follow, but what information is contained therein is anyone's guess.
Anyway, I'm waffling.
Hopefully when the RNS comes it is blockbuster news.
skittish there's another 2mil printed, delayed from yesterday
Meant to say that I think the 1mill and 225k trades are actually buys at a discount to the normal buying price.
Well I haven't sold a share, still holding just below the 3% threshold. Been too quiet at the moment we could do with some news. But I feel that accumulation is still taking place hence the period of no news, once that has completed we will hear of the plans in great detail and I strongly believe we will do some sort of RTO or bring a private company to the market via the SPAC's with or without fundraising.
Exciting times ahead just a waiting game.
Rupert reads this board, maybe he can help us figure it out ;)
I think it is really tricky at the moment to decide which are sells and which are buys.
Yesterday the sells appeared to be around 4.715/6p and I took it that the trades at 4.8p were actually buys although the official price is 4.7p-4.9p.
The 1M didn't fit into this pattern at 4.77p, and nor does the 225K at 4.796p, although that is just a smidgin below yesterday's 4.8p.
But as you say, notwithstanding these large trades, large in comparison to the overall volume and in relation to the number of shares in issue (139M), the price doesn't move.
I took it that the previous large trades, which could be apportioned 5.5M vs 5.5M were probably our 2nd largest shareholder bed and ISAing - but it is impossible to know really, unless someone comes out and says definitively.
Now the additional 1M throws a bit of a spanner into that calculation.
The 225K could possibly fit a pattern of previous pi trades.
I think we'll have to await more trades, or an RNS to try to determine what is really going on. Whatever it is doesn't yet appear to have come to an end. It does appear however that the price is being "held" to accommodate whatever is going on.
Back to watching and waiting.
And on top of the 1mill sell yesterday, a £10.79k sell this morning, SP doesn't budge
Yes, just as you think it has all gone quiet something happens.
Question is where are all the shares coming from and why, and where are they going?
Ya skittish, its been they way here. They go on a buying frenzy, then let it go quiet. Then buy again.
Im only involved in 2 shares and as one goes quiet the other perks up
Volume!
22-Apr-21 17:27:50 4.77 1,000,000 Sell* 4.70 4.90 47.70k
Our mystery trades are back - another 0.71% of the company - does look like a sell, presumably a balancing buy will show up in due course. I can't help but feel that there ultimately is some purpose to all this.
All to be revealed at some later date, hopefully.
the buyer seems to be very tactical too. i wouldn't be surprised if the share price drops slightly and they hoover up lots of shares
Volume has dried up last two days, now that the big trades seem to be done. Guess current shareholders are holding on and there are few new prospective shareholders because PRIM is tiny and way under the radar with limited news flow (so far). Guess if positive news lands and the new demand flows in it can lead to quick and large jump in sp, not many shares to go around