RE: All eyes on the RNS feed2 Nov 2022 15:39
You are getting confused. There have been situations when placings have been announced but subect to a GM. Placees have tried to forward sell the stock post announcement, but before its been approved, and got screwed because its not been approved at GM so they are net short in a stock with no delivery. So they have to frantically buy back the shares in the market
It doesn't happen on a normal placing because its illegal to sell stock if you are inside on the placing deal. Incidentally most of these small caps have no borrow so you can't short the likes of VAST anyway.