RE: Movement after RNS22 Jul 2020 14:31
MM's (or anyone else) do not get any advance notice of any RNS being 'logged'.
It is all done electronically and under strict security protocols eitehr by the company itself, or an authorised agency, and can be timed for release immediately, or at a pre-determined time (e.g. 7am).
No one will know from the RNS process itself that anything is imminent.
There could, of course be leaks from outside the RNS system and controls. In this instance, I would suggest any leak would most likely have originated from a connection to the program itself. Most likely a large number of people would be aware of the companies due to be involved, but less familiar with the rules for disclosing such information. Unlikely, I would think, from within Avacta itself, but always a possibility.
Regarding the placement point from greedo, if investment firms are discussing in unrecorded ways they would be breaching MAR regulations. I would think this highly unlikely, but with most things, always possible. This always seems a convenient 'truth' imo . Leaks, when you consider the volume of published RNS' would be an outlier rather than the norm, although with AIM, more likely that companies involved in price sensitive information are probably less knowledgeable around MAR regulation.
Everyone seems more keen to believe all is a conspiracy between MM's, etc, when the truth is generally more mundane