RE: Vast in 1% club...?11 Jun 2022 13:32
I'm still confused about the Atlas shares. The shares that were issued on 31 May were approx 240 mil yet the amount of shares Atlas were holding was 175 mil, so the theory of forward selling appears correct, unless I'm missing something. This Monday it will be two weeks since the issue, so it's possible those shares may no longer be held by Atlas. If this is the case then surely this coming we should be told that they no longer hold the shares or at least they have reduced their holding.
With regards to the other placement of 400 mil, I'm not sure that those who took part would sell at a loss and then try to buy back at a lower share price. This would appear very risky, especially if you were holding a large number of shares, which I would have thought that those who took part would be the majority.
I imagine many people have their own theories, those with more knowledge than me, but what should be certain is the situation with Atlas should become clear either this week or next, because their holding will be automatically reduced as a result of the completed dilution.