RE: I love the optimisim here17 Nov 2020 18:22
Perhaps they're doing this to have the minimal impact on the overall SP. Think about it - 2 Mondays in a row vaccine announcements which would have dumped the SP anyway (potentially not for long but who knows) Rather than wait for a big rise (lets say 10p) and then dump the lot onto the open market which would no doubt dump the SP again back to lower levels with potentially less appetite for someone to come along and hoover them up. Perhaps this was the kindest way to the SP/sentiment?
Granted you reduce your profit by a large amount BUT you get rid of all your shares in quick order and, when the big news comes in (orders, production updates etc etc) the SP can rise without the risk of massive dumps all over the place.
This might have been the kindest way to the SP - short and sharp, dump while it's relatively low and move on. BH have already said they wanted cash for some other projects...
Positive spin? Just my views, DYOR...