RE: RNS5 Nov 2019 17:40
Let me know explain what forward selling means. Rather than give the company say £100k for the warrants, the warrant holder essentially short sells the shares. Ie borrows the shares. When the short is closed, the shares which have then been sold on at a much higher price are returned to the broker with the warrant holder pocketing the difference between 0.6p and the sale price minus commission.
That way the warrant holder doesn’t actually part with any cash upfront. And as the conversion notice today is when the warrants have been converted, the shares from this have already been sold and absorbed. They won’t then be sold again. Had the same questions for years