RE: OTT22 Jan 2021 14:19
Appreciate worse things could and have happened, but I'll be amazed if ICON have agreed a deal with EHGOS already and they are forward selling more shares that ICON have thrown at them, as a listed company surely they would need to RNS this before it occurs? I'm genuinely confused why people keep saying the price is down because of EHGOS forward selling, forward selling what? Do they still have outstanding CLNs to exercise, my understanding was that they didn't? Accordingly it feels like SP falling because of uncertainty, and weak hands getting mugged by the MMs who have allowed folks out but at a serious loss (fair play I suppose, selling at all time low is moronic in my opinion but fair enough, I expect it's people that invested money they couldn't really afford, more fool them, like mokey whatever who just posted)
If this is truly awful why isn't every single shareholder larger than a PI selling and company worth notional sum? (note, it is worth less than notional now at £2.3m mkt cap, cash shell would be worth more, especially with historical tax losses)