Placement shares23 May 2020 22:23
Not knowing much about this with regard to the 35m + shares released to raise Β£2.5m @ 7p after the special resolution on 4/6 do you think that the new owners will be able to trade the shares immediately or will there be a clause saying they must hold for a certain length of time? and if the shares happened to be 3p higher (approx 10p) at the time they could sell the shares gaining at least Β£1m profit on their Β£2.5m investment. Thus providing a 40% return. Of course it could also work in reverse if the share price dropped! Am I wrong?