RE: All eyes on the RNS feed4 Nov 2022 12:08
Again your lack of knowledge makes it extremely tedious trying to educate people on this board.
Atlas... Darwin... Bergen... etc etc all these CLN providers over the years have the capabilty to forward sell stock that they can then at a later date convert. Its how their business model works. Its completely different to selling a placing before it even exists like that plonker Sandy is suggesting
The stock is guarenteed to be issued as per the CLn terms. The issue with Atlas on that one occasion was that they had forward sold stock AFTER Vast had RNSd that the CLN had been paid off. Thus making it an intriguing situation. As it happens they managed to wriggle themselves ot of it, no doubt the legal teams were heavily involved, and VAST issued the shares to Atlas which allowed tjem to then close.
I'm off now to enjoy a busy weekend. Catch you all Monday for some more free education you muppets lol