RE: 7 July Placing and Retail Shares Offer13 Sep 2025 22:09
The only reason the 1.2s would have been sold is on the last day... for months prior to that placing the price was barely above 1.3 so they wouldn't have been forward sold... except for pennies.
might have been a rush to sell them on last day but... ?
if they did then, if they were interested in the company, instead of just profiting from short term, they'd be buying on the next open.
the 1.2s didn't enjoy a rise from further rns' about bitcoin buys, like other shares did so i expect them to be still held.
if the share are rising, rising, rising, then i'd expect them to try and squeeze all the money the could out of it... if the sp struggles to beat 1.2 then... sell to see the money elsewhere or hold on until better news comes along.
but it's all guesswork.