RE: Conflict Of Interest25 Jan 2025 22:30
Basically we have here a private company and a public company
EGNR is using WSBN shell company as a vehicle to get listed , they has become a very common way for private company to become a public listed company rather than the traditional way of going through am IPO which takes longer time and cost more .
in regards to raising money by issuing more shares , all listed companies do that, that's why they want to enter the stock exchange in the first place.
With this case in regards to wishbone investors,
anyone invested with an average below 0.50p stand a chance of making a profit.
0.50- 1p average investor could end up get money back.
1p-10p average investors can reduce from 90% down to maybe 40% down.
those who got in during last placings at 0.20 is pretty safe and certain will make some cash.
There's was definitely some leaks a day before we got suspended , 65m shares traded will some chunky buys.
There was a £10k buy that day and if this new company start with a £20m mcap , that investor will make £50,000 profit.
surely insider purchase.