RE: A jar full of Straws2 May 2026 17:28
This is speculation, its also kind of irrelevant, dont read too much into this, but I think the recent selling has been Singer Capital selling Warrant shares they got from:
https://www.lse.co.uk/rns/HEMO/institutional-investment-4p9wkg4nu54doq4.html
67k were converted here: https://www.lse.co.uk/rns/HEMO/exercise-of-warrants-and-issue-of-equity-gnpqu7xbjk859qq.html
they got 197k meaning they had 130k left, looks like all were converted in the prospectus RNS: https://www.lse.co.uk/rns/HEMO/publication-of-prospectus-y1yk543vwbzg9f4.html There is no exact breakdown of warrants but 439k warrants were converted so its very likely they were.
People keep asking the question "Why would they sell" The reality is I just do not believe someone like Singer would have any interest in holding full stop. They only reason they would have the stocks is because they had to convert warrants and they were in so much profit its stupid not too convert. Blut think back to when they got the warrants, they came from the 40% discount placing when they tanked the SP from £3.50+ and placed at £1.80 having forwrad sold 100s of thousands post P1. These people DO NOT INVEST. They forward sell/Flip/naked short/ place/rinse and repeat. They do not hold stock good news, they wait for good news, short sell, go to the companies and offer to do a placing having tanked the SP. They are nothing but leeches. They dont take risk holding to sell on a rise, they naked sell on a rise, suppress the SP and close out via placing.
For months people have noticed a persistant background seller, always there, never too obvious or selling too much but persistant. Up until the placing last week... Then what happened was the seller stopped being descrete and just did it, the activity was EXACTLY the same as post P1 injection just before the 40% discount. Singer top on bid and ask, very tight spread, selling unlimited stock to PIs until volume dried and dropping the SP slightly to encourage more buying. We can see which MM is offering what, it is Singer who is selling.
So IMO Singer are not selling because they dont believe in the science, nor because they think the company is in trouble or anything else. They are NOT investors they dont buy and hold, they are selling because they dont want the shares and the company is irrelevant. Either they saw that placing and thought they needed to sell ASAP incase that Placee sold OR they were just drip feeding and supressing the SP intentionally intending to offer Vlad a placing themselves and Vlad getting £3m at £8 just destroyed that plan.
Its guesswork, 100% speculation, Singer ARE the ones sellng, they are running low, the blocks have shrunk, they did get the warrants last year, so this could very well be accurate. But the bottom line is it does not matter. They are selling and its not because of the science or because a placing is coming. they are using the volume to sell and that provides oppertunites to us, take it, or dont.