Good to see this doing well. I have cut my holding a bit. Hope this end above 5p today. Do keep in mind we have 10mil at 0.4p coming to market tomorrow. It will be easily absorbed at this rate though.
If my understanding is correct it is not a placing by the company but some one who had the right just chose to exercise it before the expiry date. This is not in CTEA control. But for sure this means more than 10 mil share come to market on 2nd July at 0.4p. They can easily choose to dump it to the market. I am not sure if the 6 months lock in applies here.