Just a thought......we dipped to 75.4 on 3rd July then finished blue that day. Yesterday’s TR1 states Tosca passed the threshold on 3rd July buying an extra 1% of the company Taking their holding to over 25%. Today we have dipped low and finished blue. MM’s trying to fill another large buy order perhaps?
Agreed, bought in this morning, the sale of the last 1% to take JB to 49.6% may have already been dumped. If he stops at that level we could see a nice bounce.
Those shares were already in existence and in the hands of D-Beta or whatever their name is. They aren’t new shares so have to go through the ledger I guess. Bought in one lump by the broker who arranged the placing then they would have distributed them accordingly. That’s my take on it anyway. D-Beta will be paid a not yet determined fee as part of the termination agreement.
Sold to investors as part of the placing at 0.15. River fort are gone.......if the participants of the placing having sticky fingers this can really climb now. Couple that with the announcement of a deal and boom. Question remains, can RP pull it off??