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The quoted holdings for companies such as Hargreaves Lansdown are made up of the overall agregate amount of shares held by their clients, i.e. private investors within ISA and SIPP accounts etc. Therefore the reduction in the size of HLs holding merely demonstrates the selling by private investors that has clearly been going on here. This tends to be the case with most similar large broker companies.
@troublesome
For clarity, I have posted numerous times since December 23rd but all apparently on threads which have since been removed by the moderators (of which there have been many).
Your interest in me is much appreciated but I doubt there is any need to discuss this further.
I do not intend to be drawn in to the kind of silliness which takes place on here.
But for the avoidance of doubt, I am a private investor , I am not paid by anybody (and if I was they'd be getting pretty poor value for money as I barely ever post anything!), and I am 'not a friend of the Wittys' as you put it. I have come across Nigwit on the LSE boards of a number of companys over the years and I consider all of the views on these boards. Some I agree with, others I disagree with, but most importantly I form my own. I also do not winge like a child when I make mistakes.
The end.
Welcome GigaWitt, it's always nice to see a new poster and a fresh opinion here. And who would have thought that NigWit had a long lost identical twin? I presume that you, like NigWit, are also invested in Nanoco. What a strange coincidence.
Anyway, please pass on my best wishes and seaons greeting to NigWit ,and wish him all the best for the new year. And of course the same to you GigaWitt
Might the recent sharp rise be as a result of people buying back in anticipation of a rise in advance of the next possible court date in early december (notwithstanding the article that suggested 5th December is already taken)? I don't know. It seems a bit unlikely to me that such a sudden sharp rise would be caused by people effectively trading the court dates but I'm not sure what else could be causing it unless there is news due and something has leaked (always possible).
Perhaps someone has been opening a large position whilst the price was drifting and we should expect a TR-1? Time will tell.
Either way it's nice to see a little more action here.
It's certainly getting busy here now.
To be honest I'd expected the sp to stay relatively level or even decline slightly in the run up to the court as some people reduced positions on the realisation that a settlement is less and less likely by the day. Obviously it could still happen at any time though.
Clearly a lot of people taking positions here now though which shows confidence is high.
Outstanding news!
If this isn't evidence that Nanoco are trying to force an agreement pre trial then I don't know what is, although I appreciate that it stil may not happen. Nevertheless it's an agressive move which leaves no doubt that N and it's financial backers have very high confidence in the case.