RE: Trades16 Aug 2024 14:33
"Doc, so say this seller has 50m from your own calculations when do you expect them out?"
I'm happy to admit I'm guessing big time here. But there has been consistent selling of large chunks amounting to millions of shares per day, maybe 2.5m on average. Again the same today. So that would be 20 days and takes us up to next Friday.
We know these II's don't hang around. As much as we like to think they will and help stabilise the price, the fact is they are here to make money, and quickly if they can. Premier Miton sold half of their allocation in the previous 2.5p raise at 7p, I know that for a fact. It was probably them that trashed the price down from 7p to 4p, with us all asking how!? I think we've got similar going on here, whoever it is selling out for a risk free 30-50%.