RE: 333m shares placed tomorrow at 1.5p14 Feb 2024 10:18
"Perhaps because they didnt have the mechanism in place to forward sell? "
That would be naive to be honest. We know the placement was made with a long term supportive financial interest in the company so that narrows the pack to the obvious suspects, and there's no TR1 to suggest any change in major shareholding. The 'supportive' partner will simply have sold shares they took on at 0.25p placement once the price kicked up above 2.5p on news, in order to replace them with orders at 1.5p in the new placement, all accounted for within the same month balance sheet.