Hello. I don't expect so. It's only 2.75M shares and that's a drop in the ocean with 485M in issue. Given volumes in the past week, would expect the vast majority are already flipped. Assuming no other seller.
If you look at the drop and all the big sells, with what we know now it is likely that this has been initiated by our new institutional backer being given free shares. When they run out, up we'll go.
Well, not quite. They’re buying at VWAP with optional warrants at 30p. Lot of financial backing and the talk of new acquisition is interesting. Let’s see how the market reacts. At least it’s not a bucket shop placing at 10p or something ridiculous.