RE: Just Stop Oil Man Jim's Attempted Institutional Degradation !!!17 Aug 2023 08:18
I have Louis10 on filter however as I pointed out in a post yesterday Volume since the placing would indicate that the majority of the placing is being flipped. Institution that did take part n the placing have probably taken a very very small position. AIMHO
Looking at the volume since the placing, imho only a fraction of the volume went into institutional safe hands, the majority seems to be being flipped.
If the shareprice is where its is in September that a potential 22-25 M shares.
At present it will be like doing a placing every quarter for £2.5M @ approx 10p.
Imho the SP isnt going anywhere until the company sorts out this mess.
As we approach Mid Sept there is a distinct possibility that 22-25M shares are going to be forward sold into the market OUCH. In these thin markets against an average daily volume of a few million shares.