RE: Re do placing ?21 Jul 2021 12:24
The only similar scenario I can think of is Tomco when they sat on bad news and announced it 3 days after a placing, the broker cancelled the placing.
Obviously a director just sold in a closed period, I’m expecting a resignation RNS by said director tomorrow, the company will look to distance itself, if however, the broker was to cancel the placing, expect the mother of all short squeezes here, as most were forward sold imho.
That was the case with Tomco.