RE: Buy & sell call12 Dec 2017 21:54
VAL very tricky to play, with the GM on the 21st where they will most likely vote for the company to be able to issue shares with no restriction which will trigger shed loads of new shares, from the RNSs:
Tranche 1 of 47,000,000 ordinary shares will be done immediately......Admission of these shares is expected to occur on or around 14 December 2017.
YA II has elected to convert US$696,202.90 of its CLN (plus accrued interest of US$10,530.52) from Tranche 2 into 47,765,035 ordinary shares at an agreed conversion price of 1.25p per share, subject to the passing of the general meeting of the Resolutions to be proposed to the shareholders of the Company on 21 December 2017.
Pretty sure tranche 1 shares have been forward sold, not sure about T2 but if not this will effectively lower the SP BUT....
VAL201 results are also expected to land this month and this could either launch it into orbit or sink the ship!
So bit of a dilemma really.... best to keep your ears very close to the ground, look out for the RNS and decide how to move.