RE: Onwards and Upwards5 Jan 2022 11:40
"SO selling up has crushed the SP since August. Coupled with biotech sector that's been in the doldrums all year, any significant news (esp. MRx0518) would've fallen on deaf ears & SO would've just sold into anyway"
That's irrelevant they should still release news regardless of a big seller lurking. There will always be some external fsvtors in play, doesn't mean companies can hold back news indefinently. If anything it was was a positive as it would have meant the good news would have bought in the volume to clear out SO back in the summer, and he would have been a distant memory. As it stands there has been nothing from the mangement to draw those buyers in to take SO out.
"For my part, I'm happy to view it as insiders increasing their stake in the business which is as strong a buy signal as you could possibly hope for. "
They haven't increased their stake or bought or anything, they have the OPTION to buy for 4 years at 53p. If within 4 years the SP is 10p they just walkaway, however if it's £10 they can buy those options for 53p and sell them immediately fir a 1900% profit. Not exactly aligned to investors is it, who have to risk capital upfront.