RE: Emails30 Oct 2019 17:46
oiltap, yes it would irritate me as well if my team did a banging job and then it was moaned about on social media and bb's. I have been in similar situations and you just have to keep going until you get out the other side. Peel have got a huge amount of stock and they are diluting the sp. Nothing to do with the results or the chimpy private investors that brick it when the sp drops, in the chase of riches. I have just sent this to peel and bcc'd laurence in for transparency.... they have a lot to answer for.
Dear Sirs,
I am interested to know why Peel Hunt have been sat at the top of the Ask order book for Europa metals from 10.40am on the 29th October 2019. Yesterday a comprehensive update was issued by the company (sat at £5mil Mcap prior to announcement) the share price rose, peel hit the ask book and the sp dropped to 0.033 and today the market closed with Peel at the top of the book with an Mcap at £4.2mil, down an additional 12.5%. This is extremely concerning as Peel are clearly dictating the market with other market makers set a least two tenths higher than peel. Could you please explain why you are in such a commanding position, influencing the market in excess of 30% within one and a half trading sessions, flooding the market with stock. This is not acceptable and for me warrants a claim for market abuse, needing an investigation; at the very least a response. I look forward to hearing from you before I escalate my enquiry, I am keen to know who the client is you are sourcing shares from, I hope that this is not the forward selling of warrants, that would never happen due to FCA regulation would it!!!
Kind Regards