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I'm sure they could have issued the RNS before close of play buy they decided to issue it just after closing...seems very deliberate timing imo as they did not want a spike at near closing...usual manipulation from those in charge it seems...expecting a big move up in the morning
M&G still hold some shares as they've only crossed the 5% threshold.
3% is the diclosable amount, and any 1% thereafter so, we know they are below 5, and when they drop below 3% that is the 'blind' period but, I've rattled on about this from the start.
They are selling every single share in this company, and from reading about their own plight, I understand why.
The good news for Fastjet is;
A major holding in this company has sold millions amount of shares, and since they started, from the early 0.14's, the share price has held and, we've slightly moved forward - all this is very promising.
When insti investors sell their entire pot, it normally smells trouble for the company but, an isnti can sell for a multitude of reasons.
I firmly believe theirs is due to strengthening their portfolio for their clients, as they seem to be investing in more solid stocks, and AIM is a murky world where I've always struggled to understand why corporate accounts would dip their desperate toe in this pond.
Anyway - it's done now, and it seems the damage of their selling has been minimal.
The only fly in the ointment is; as no new investor has bought their volume of shares (from what it seems) it means this Sp will continue to be volatile as the free float of shares in issue is mainly at private investor hands.
Generally - having lots of private investor shares to buy means the Sp normally stagnates but this company is a massive risk, and if it survives and lives to fight another pandemic, then the Sp will be at a much higher level than where we sit today - and that is a large fundamental reason why I first to invest here 3 months ago.
ATB folks. And remember - Sun screen....
Mysq,
An Rns will be issued confirming they have zero holding.
I would hope, through your investing knowledge you've come across this before, therefore you should know, that an Rns will be revealed declaring this.
Only below 3% is, as I've referred, the blind period.
As a P.I, I could hold less than 3% of the shares in issue, but I'd never have to legally disclose when that is done.
If M&G had less than 3% they would have said.
A written Rns, text, love letter, or Star Sign report in the Sun, can be read a multitude of ways but the fact remains, they have to disclose if they are less than 3%. That is the threshold.
Fear not - it will come, and may be that one will evidence that have zero holdings.
And the moment, we know they are less than 5%. But 5% isn't 3%.
I'm not trying to be pernickety but I'm being factual. It's how it is.
And 'how it is' hasn't concerned me.
I've always believed, and chirped on about it, that M&G will sell the lot, and if it had concerned me that much, I'd have sold a long time ago.
ATB.
Vicjain,
The NOMAD chose to release it after hours.
Personally - I don't see their benefit as the share price has held. Releasing it earlier wouldn't have made much different - in my humble blah, blah, blah...
I expect a corporate presentation to be released in the next 5-6 weeks, detailing the companies new position going forward.
Either that or the for sale sign will be going up....
Debateable get_rich_quick...but we will never know the full reason for timing of some RNS's...just looks suspicious to me...either way makes no overall difference...alot of shares have changed hands , hard to believe it is just small investors buying....that's another story i guess...all will be revealed soon... all in all i think FJet will survive and the sp will start moving back upwards... once we gets some confirmation to this end then the sp will really start to motor upwards. It is way undervalued at the moment and does not represent what the business is worth as a going concern imo