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Quite a few to deal with here. Clearly the 17million trade was a worked sell (warrants). I am using the trades on LSE trades so may have missed a few
Ok. Here goes going on the spread and buys/sells at the time
11:53:51 2.16p 1000000 (buys at time 2.28) SELL
8:34:30 2.8p 892679 (buys and sells at time 2.8) ?
8:23:19 3.05p 1000000 (buys at time 3.3) SELL
8:19:06 3.5p 1000000 (buys at 3.5 sells 3.411) BUY
11:13:47 2.15001p 1000000 (buys at 2.185) probably a SELL
16:29:00 2.0074 2033475 (buys at 2.04) SELL
10:16:44 2.02p 1588826 (buys at 2.02 sells 1.96) BUY
8:07:16 4.7p 1500000 (buys at 4.7) BUY
8:12:59 3.6p 698854 (sells at 3.6) SELL
As discussed I think the 17m is a worked sell warrants
8:12:08 3.8p 1102337 (sells at 3.8) SELL
8:39:41 2.999p 1399189 (buys and sells same) ?
9:20:21 2.32p 1295497 (sells at time 2.32) SELL
8:18:06 3.225p 1240311 (sells at time 3.225) SELL
So the majority as you would expect having spiked to 4.7p are sells. Great volumes and can’t be many left of those 60 million warrants. I have no doubt there will be some big late trades tomorrow also
Incase some missed the after hours trades here is a recap. Bear in mind the 1.5 million buy at 4.7p was defiantly a buy so he would expect a profit from that price
Quite a few to deal with here. Clearly the 17million trade was a worked sell (warrants). I am using the trades on LSE trades so may have missed a few
Ok. Here goes going on the spread and buys/sells at the time
11:53:51 2.16p 1000000 (buys at time 2.28) SELL
8:34:30 2.8p 892679 (buys and sells at time 2.8) ?
8:23:19 3.05p 1000000 (buys at time 3.3) SELL
8:19:06 3.5p 1000000 (buys at 3.5 sells 3.411) BUY
11:13:47 2.15001p 1000000 (buys at 2.185) probably a SELL
16:29:00 2.0074 2033475 (buys at 2.04) SELL
10:16:44 2.02p 1588826 (buys at 2.02 sells 1.96) BUY
8:07:16 4.7p 1500000 (buys at 4.7) BUY
8:12:59 3.6p 698854 (sells at 3.6) SELL
As discussed I think the 17m is a worked sell warrants
8:12:08 3.8p 1102337 (sells at 3.8) SELL
8:39:41 2.999p 1399189 (buys and sells same) ?
9:20:21 2.32p 1295497 (sells at time 2.32) SELL
8:18:06 3.225p 1240311 (sells at time 3.225) SELL
So the majority as you would expect having spiked to 4.7p are sells. Great volumes and can’t be many left of those 60 million warrants. I have no doubt there will be some big late trades tomorrow also
Thank you Hertstrader,
The warrant holders are flipping 0.50p warrants at vast expense to pi's. Surely they could hold on to their shares rather than flip them if they were so confident that the SP would hit pie in the sky figures such as 10p and so on.
Anyway, just airing my thoughts.
Warrant holders generally just flip at profits. Like ncyt where they all flipped in Feb and then it 100 bagged after. Warrant holders take 0 risk, just guaranteed profit but you already know that don't you ;)