Should have read the placing was carried out with warrant hunters ,immediate share sellers ,significant shorters , all designed for those not involved to get stung imo
Trading halt wasn't on the Friday ! What was there to stop the places opening large shorts in full knowledge of the placing price ,whilst everyone was oblivious to what was going on ! If that was the case IMO it could be construed as insider dealing .
All down to the diabolical placing ! @ wrong time and price IMO ! IMO they should have been working towards a premium placing to have kept the momentum in play . All they've done is managed to wipe millions off the mcap and create negative sentiment imo
Furthermore, the Directors have conducted a review of the UK's location data and insights market which has highlighted possible acquisition opportunities for the Company. Any material acquisition will be subject to shareholder approval at a general meeting and will only be progressed if it both solidifies the Company's market leading position in the UK and improves the underlying financial performance of the Company. Liked the bit about improving the financial performance ! God forbid if it didn't !