RE: Fantastic day tomorrow27 Sep 2023 11:35
I think HC are done, I know there are some that say in the agreement they can’t forward sell but the wording is unclear and personally (and it’s my opinion) regardless of what any agreements say, forward selling has been going on for years on the AIM market because unlike the main market…..in comparison it is pretty much unregulated.
They decided to covert some extra shares to take advantage of a great RNS released last week……..yet the conversion date was for a week later when you might expect it would have been for the following day…….why wait a week when they know that some people will start taking profits in anticipation of the shares coming on to the market in a weeks time and possibly driving the SP…….my point is ….I don’t think they did wait a week.