Where have all the shares gone?24 Jun 2017 11:53
Just a quick calculation shows Akers took 250m, followed by 175m exercised warrants.
Others exercised older warrants to the tune of 167m. Then we have a 100m in a placing. So that's 692m new shares, but the company website shows few large holders. The only new one is spreadex. Akers isn't there at all.
Shares presumably have been transferred around without any statements? 692m is more than half of all the shares.
This also means that they have and extra £900k in the bank - so they must need that for something.
Akers may still have 200m warrants so that's even more cash to come.
Any ideas? Will this be the shell of the year?