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Funny when a previous close flushes out some sellers, was probably due a bit of a pullback anyway. I sold all my shares in a panic this morning.

Joking

On a separate topic, we've gone through the VSA Capital target price (think it was 52p) .. so I guess they'll be doing an update at some point. Probably after the results I would have thought

Decent size trades in the uncross. Does mean a tick down in the morning though

Twitter is the place these days really.. definitely more action there recently especially with Mystic Zak doing his charting on it yesterday.

I agree uhlf, the largest trade in the last 5 days was 39k shares so certainly no evidence of any after hours 'LRGS' executions. It does mean that a lot of PIs are buying though and that begs the question where did they hear about Ethernity from? I know this is the best board on LSE but I can't imagine more than 30 or 40 people check it..?

You said within 3 days..

I don't think the sanctions are that severe Greg, seem to recall that companies can block attendance at meetings and voting rights and withholding of dividends. Would have to confirm that though and stand to be corrected

Let's round it up to 1 million shares traded today.. I'm having a beer and I don't drink on Mondays.

Yes, quite strange as the news last week didn't contain a lot of detail. I suppose it's validation for the market that it works and Galapagos are a huge company. I don't hold as many here as I used to but still makes a difference.

You've got the get the 455k out your head TL, they are irrelevant. You can get confirmation from the company if you need, they will tell you the same as they told me.

The 455k shares have nothing to do with this at all, this has been confirmed. It's purely £256k / 880k shares, 29 is the correct figure.

Very odd day, can't explain it myself. Maybe it's an insti buyer? Maybe some people did the sums wrong and bought off the back of the 56p math error from earlier? Maybe it's just word getting out about an undervalued tech company listed on AIM? Who knows..

Thanks Martyn- link for anyone interested

https://www.share-talk.com/share-talk-bulletin-board-heroes-monday-26th-april-2021/#gs.z5djut

dallo my man! I just googled capital gains tax in Ireland, I hope you have a creative accountant..

Number one now .. 22% .. amazing

Wow, we've got a 50 handle...

Yes I was using 880 as the fee was additional to it -

"Concurrently with the initial investment, the Company will issue 880,000 new Shares to 5G Fund at nominal value, which Shares 5G Fund may apply towards the number of Shares that the Company is required to issue under the Agreement. To the extent such Shares have not been so applied, 5G Fund will make an additional payment to the Company, determined on the subscription price as it stands at the time of the payment. The Company will issue 455,130 new Shares to 5G Fund in satisfaction of a fee."

I'm still getting 29p - How do you get to 56p?

No, 29p a share isn't it? Don't fully understand this action but then again it is quite early on a Monday

I emailed the company to clear up any confusion about the warrants and the acceleration clause, had this confirmed back -

Once the share has closed above 40p for 5 consecutive days, the company may (underlined) serve notice of the exercise of warrants. The company is not obliged to at that time but must do so at any time prior to the expiration date. Warrant holders can exercise at any time they choose (as I did with mine when the SP was around 35p) as that is their right. This applies to all warrant holders - obviously directors and staff that are PDMR’s are subject to any other rules governing their trade under the Articles/UK governance and MAR, such as closed periods etc.

Very clear that the warrants are subject to the same rules as any other transaction. So they are not obliged to accelerate the warrants, it's down to the company to decide when they do it and they have up to 12 months following admission (i.e July).