Warrants and JG stake size23 Jul 2019 12:22
Guys, let's go back to a productive discussion.
According to recent RNS, there are about 9m warrants due till October 2019 and 9m due till July 2020. With current share price, these warrants obviously will be exercised. It is hard to say if warrant holders will sell the new shares or go long. I would say that some holders would like to cash their profits. To sum up, there are up to 18m shares which migth go to the market during next year.
Do you think that demand from retail traders and Gore will be able to cover these sells or share price will go down (short term)? In particular, do you think that Gore can increase his stake by buying these shares or he will only fund the company through placement of new shares?
I also speculate that size of Gore's stake is limited to be below the size of the AM's stake, so AM can keep control. Do you agree? AGM attendees: did AM promise to buy shares?