RE: The chancers5 Jun 2020 15:34
Like R11111 said earlier, damned if he did, damned if he didn`t, and on that issue I think they have had meetings on this and come to the conclusion that they didn`t need to reheat that subject for the bashers to cling on to, if you don`t understand that trader250 then thats your baby.
Do you not remember how much shtick JD got for taking a relatively small portion (under4%) off the table to take care of some personal considerations?
I think it was exactly the right message to send to the market that he`s not that greedy, and that it shows support by other members of the BOD.
JD still holds 39 odd million shares, which are also subject to any perceived dilution with this placing, so don`t even bother with the `lack of confidence` gag as to why JD didn`t take part...its bs!
You obviously don`t understand how the market psychology would have read it as a serious disrespect of shareholders if JD and FP had sold some at 20p only to take part in the placing at 4p.
I think they`ve played it just right, and 75 million shares bought so far today at 4.5p would suggest the market is happy with the placing details, as confirmed by the screaming absence of derampers having their field day....in fact I wouldn`t be surprised if most of them weren`t part of the buying frenzy at 4.5p!!