RE: Hope springs....31 Aug 2023 11:48
@NGR1616: I have worked in asset management for ca 20 years and my career was spent at some big and prestigious houses, ie asset managers with over USD 250+ billion in AUM so just cut your patronising crap.
What I pointed out is that after the first RNS where there was absolutely no hinty given what kind of settlement Tenner had accepted that LOAM hit the sell button hard (!).
Now taking some profits off tyhe table is what professional fund managers do - however the speed and colume with which LOAM did so after the first neutral RNS does raise some serious questions about whether there was, let me put it diplomatically, an information gap between retail shareholders and one institutional shareholder.
If there is ground to suspect that specific market relevant information was shared in early January than the FSA (if it is taking its role seriously) should investigate.
Clearly TH and some others think there was some underhand dealings.... see the law suit he is now undertaking and I don't think he would lightly undertake such legal action.