RE: True spread24 Apr 2026 10:19
If we assume approximately 90% of the shares allocated to investors equates to around 1.8 billion shares, and take a reasonable average investor position of £10,000 at an average price of £0.04, this implies an average holding of roughly 250,000 shares per investor. On that basis, the register would consist of just over 7,000 shareholders.
With a shareholder base of that size, regular buying and selling activity is inevitable. Individual circumstances change week to week, and it is entirely normal to see transactions in the range of £5,000 to £15,000 as investors manage their own cash flow or realise gains.
In the context of a c.2 billion share base and the overall market capitalisation of the company, these transactions represent a very small proportion of total equity. As such, they are not indicative of any underlying change in the fundamentals of the business.
Short term movements driven by individual trades should therefore be viewed in proportion. A sale of 250,000 to 500,000 shares may appear notable in isolation, but it is immaterial relative to the total shares in circulation. In many cases, these transactions may simply reflect investors taking profit, potentially having entered at significantly lower price points.
The more relevant indicator is the broader trend. Since the recent announcements and investor presentation, overall activity has been positive, with buying generally outweighing selling on a daily basis.
With a shareholder base exceeding 7,000 investors, frequent small scale trading should be expected as normal market behaviour. It does not, in itself, signal any shift in the company’s trajector
If someone bought a few weeks back at 1.5p and sold today they would be making c100% gain....Good luck to them if this was true