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Steven Oliveira % is down just less than 1%
Yes but that is only up to the 13th. Every 1% reduction they have to show TR1 so there will be others.
The fact he has notified now means he has stopped selling. He has done it before. The big buyers have started up again now as they obviously paused while he was dumping.
There's money to be made here.
People need to wake up. A share does not drop from 92p to 69p on no bad news without a seller.
Oliveira has lost millions on Forte so he was likely distressed selling.
I’ve been waiting for the right time to top up and average down a bit and so have now after that TR1 - hopefully we’ve found the floor
I agree sang just wish I had more cash for a top up
There must be quite a few of us who keep topping up here, as we believe in the potential of the science and the skill of the company. This reminds me of a company called Sareum. This company has a faithful and highly researched contingent who have amassed substantial holdings worth a lot of money. They remained loyal due to the science and have been rewarded, hopefully 4D shareholders will be likewise.
The thing is Oliveira may have stopped for now & be a distressed seller as Sang says but he can start selling again like he did after his previous 1% sell RNSd 19 Aug.
No because he wouldn't have notified. He's an American and there's little the FCA can do about late notifications other than send him a letter moaning about it.
As I said this is only up to the 13th and he was still selling early this morning.
Yes indeed Blue, he still has over 17million shares and who knows how many he wants to unload.
Like many others I took his forced selling and the resultant sp slide as an opportunity to top up (limited budget unfortunately). Perhaps he reached his limit price and is now looking for the likes of me and others to drag the price back up to the high 80's before he looks to unload another 1%....?
Blue83, yep he can, but eventually you run out of shares
indeed crusty, only recently the SP hit 93 allowing him to begin selling this lot....but let's see how many Holdings RNSs we get....
Researcher, by my reckoning he disposed of over 4 million, as you say let's wait and see, but his influence on the sp diminishes each time he reduces his holding.
He will have been a forced seller either because he has had margin calls on Forte or because he has lost so much he feels the need to cut his exposure to risky stocks.
That's why I was buying so much. Same thing happened with the Woodford dumping
well, he gave me the opportunity of a huge double-down this morning at just over 70p (so average is now 82p).
I did the same with Angle as it crashed to 40p when Jupiter were forced to sell all their holding, and got my average down to 46p - it's now 120.... happy days.....
Yeah you are right Blue, the thing is though no one other than himself and those close to him can possibly know if he will or won't sell again anytime soon.
I can't speak for anyone else but as someone who is investing in 4D, not trading or shorting, I can see no reason to think that it's been anything other than an unexpected great opportunity to top up. The share price yesterday, today or tomorrow has no bearing on what it will be down the line as the trials and results progress. If they continue as they have to date and products make it to clinic then it will be far north of here and the majority of gains over any period of time won't be incremental. If the trials take an unexpected turn and bomb then the share price will follow concurrently. That's the nature of small cap pharma.
It is group of Oliveira, Neamen Assets and South Ocean. If you see rns history of holdings, it has been Neamen and Oliviera who have been selling since last year (probably after sp hit 1.70 + as they must have bought very cheap). Neamen was 0.87% (they had 4.22% in Nov 20) before 22nd March and after 22nd March they moved up to 5.74%. This I believe because of merger and Neamen might be holding $loac shares (or might have bought in issue of shares in March, though I think it might be because they were holding loac shares). Now Oliveira has 0% and Neamen has 4% as on 13th August. Might have sold more on 14th and 15th. South Ocean has not been selling and have steady holdings since last year. So it is not 17 millions left but 4% held by Neamen (less sold on 14th and 15th) that might be sold. Today book looks different and sell side has been light and ask side heavy. Neamen might be holding ADS and not UK stocks (as they sold most of UK stocks before 22nd March), though not sure.
Nemean is Oliveira. He is the sole investor as per SEC filings
Can you all kindly stop saying how you all bought more shares at such a low price. I have no cash at present so feel left out. But good luck to you anyway.
Short trades are working overtime today. They seriously need to get burnt
Bet they borrow all their shares from us through the trading platforms
Yes Sang I thought that yesterday too.
Agreed and could quite quickly and easily get a squeeze here over the coming days/weeks :)
yes true Sang - we can stop this by positioning large sell limit orders (at a suitably high price) - it prevents shorters from borrowing them....
AJ Bell and HL both say they don't lend stock. If it's not them and others like II or Halifax where would they get it all from?