YOLO.L Share Price (YOLO)

Someone seems to be in a hurry to increase their stake, yet more 50k buys and still going up - how long can this last?

The company has now placed twice in the last couple of months with around 2.5 million. What has changed since October when they raised before and now need so much more money and at a price premium?

YOLO is pleased to announce the placing ("Placing") of 11,562,500 new ordinary shares of 0.01p each ("Placing Shares") with existing investors to raise £1,850,000 (before expenses) at an issue price of 16.0p per share ("Placing Price"), a premium of approximately 6.5% above yesterday's closing bid price. As part of the Placing, each placee will also receive one warrant for every Placing Share subscribed for, exercisable at 30.0p per share ("Warrants") at any time from the date of issue up to 31 March 2021.

Anotehr +5%, lots of 50k trades, still looks like a buyer is about, hitting 3-4 year highs , rather amazing given no solid news.

Whats the reason for the switch?