Feedback please26 Nov 2011 10:23
Didn't get a reply from YCO.
I looked up the AIM rules and from what I can gather, although I have not researched to a great depth, for a trade of 10% of the company all YCO are obligated to do is update their website with Major Shareholder info. within 6 months. The website is showing these details as at 8th Nov. 2011, just one week before this highly unusual trade on 16th Nov. The no. of shares does match the total holding of one of these shareholders. This (mid-morning I recall) trade was reported as a buy, was above mid-price (usually dummy sells are below the bid) and the sp ended that day with a 10% increase. Those who follow this share will be aware of the very low trading volume, where a small buy or sell makes a difference to the sp. Suppose what I am looking for here is a bit of interpretation (in light of Friday's events) from more experienced/knowledgeable investors, so I thank you in advance for any feedback.