Member Info for MacF1

Thanks SC. That explains it!

I thought there was only an uncrossing trade if there is an imbalance at the end of a trading day.

Weird.

I bought 1122 shares earlier, only to make one of my account’s holdings up to a nice round number of shares.

IBKR took an age to put the trade through, I even did a dummy trade on HL to check it wasn’t halted.

And now my trade is showing as an “Uncrossing Trade” and a sell.

Very odd.

21-Jul-25 09:55:39 3.72 1,122 Sell* 41.74 UT

Foyz said ……”2 members of the BoD have just invested £120k between them in QED shares. They've chosen to spend their own hard earned money on increasing their exposure to a company”

It’s a good spin but not technically accurate.

What JM and PH have actually done is exercise options that were going to expire. They would have been daft not to.

Yes, they’ve sold some shares to cover the costs and taxes. Many investors will know it’s no big deal, many won’t.

My point (the one you called me a thicko for saying) is that which ever way it gets spun, a director selling shares is never a good look.

Hence why we’re seeing a decline in the SP today.

Maybe, given the huge salaries those two directors have enjoyed for the last few years, they could have paid the taxes from other money, rather than selling QED shares and triggering the issuance of a “Director Sell” RNS to the world.

Yes. And market already knew it was coming, so shouldn’t over react.

The drop in part helped by our two trusty directors selling nearly 4m shares.

It’s not a good look that, is it.

The halt tallies with there being zero trades between 10.35 and 11.32am. That’s when the halt occurred.

Trading resumed shortly after I posted the question. There was a proper message on T212 saying trading had been halted. No explanation

QED trading was halted at 10.35 and is still halted.

Any idea why?

I can’t find any news - yet.

This issue is with Jason selling the 1.7m shares immediately - as stated in the RNS. Presumably letting the market know now in order to soften the blow of a “Director Sell” RNS we’ll get in a few days.

It’s also stated that Jason and Phil intend to sell additional shares to cover their costs and tax obligations.

I don’t often agree with 46G but his point is quite correct, selling those 1.7m shares is a bad look. Any director sell in any listed company is a very bad look, especially when the SP is in the doldrums.

Surely he’s not so skint he needs ~£40k right now, when hopefully those shares will be worth 2x or 3x or more in a few months.

It’s just a bad look.

No problem with them announcing the exercising of those shares which are owed to them anyway, however Jason announcing that he plans to sell 1.7 million of them immediately does rather raise eyebrows.

If we’re on the cusp of great things, why on earth would he want to sell them for 4p?

This RNS didn’t get emailed to me like they usually do.

Did anyone else find this?

There are still 3 weeks of Q2 left, so maybe we could get something.

At least the signatures from MSC and Cargill would be nice and would regain QED some credibility.

Do you use a limit order, SC, or just do the quote and hit buy on HL?

These warrants were only ever exercisable at the 1.452p price. The current share price makes zero difference to his exercise price. He had until the 31st May to exercise them or they’d be lost.

It’s in no way “cashing out” he’s just swopped his warrants for shares. Maybe he sells maybe he holds. We won’t ever know.

Ahh, just read the thread below. Now I get it.

Nothing to see here. It’s all good.

I opened my emails and saw it…..sat bolt upright in bed and prepared for a wonderful read…..

Then realised it’s just some “insti investor” cashing out.

Come on Quadrise, throw us another bone already!!

Agreed. Would defo want to be at 40-50 pence before any takeover talks commence.

I also started to wonder if the reason we’re not getting much/any news on the other projects (Morocco, Panama, Utah) is because QED know exactly what the plan is for the acquisition of QED by this Cargill/Seascale company, so they’re purposefully trying to wind down the other projects without letting the market know.

I’m probably miles off the mark, but it does certainly feel like there’s something BIG brewing.

Watching the video on the Seascale LinkedIn post does make one wonder if Quadrise is one of the very important pieces of the jigsaw puzzle that is all starting to come together?

Maybe this tie up with QED, Cargill, MSC, Mac2 and now Hafina is a lot bigger than any of us have imagined yet!!??