RE: Alexei Churakov and West Kytlim27 Jan 2021 23:19
I think there's a lot of speculation going on. What are the facts we know... an advisor sold. Not the bod. What are the rules we know... he wouldn't have sold knowing anything about where deal was going... i.e. no deal. That would have been insider info. So he wouldn't be allowed to sell. The only reason he'd be able to sell during a closed period as this whilst deal was under way... is if information or current position of company is already in the public knowledge via rns. So given we had a recent rns, which said had non binding offers. Therefore this is the same position. The bod wouldn't allow him to sell at 29p whilst they are still in and have suffered a loss in their own value.
I think we'll get a we confirm and acknowledge advisor selling xxx shares. The board wishes to reconfirm its current position from last rns and also it is unaware of a reason for the drop in the sp. Something to that effect.