RE: Near to Polo conversion price22 Apr 2026 09:31
“ Fwiw, I don’t think Polo or Tang are behind the recent price action at all. If there’s any skulduggery, it’s far more likely just traders playing a very thin market. It could equally be completely normal price movement in a low liquidity stock. Either way, there’s zero incentive for Polo/Tang to want the share price near 5p. In fact, it’s the opposite, they want the price as high as possible if they ever get the opportunity to convert. The loan gives them a very juicy option on GCM’s success.“
Completely agree