They would have had to report sales due to the impact it would have on the share price and also as he was confident about sales in June he would have backed up that confidence by now if the sales did happen.
We will only hit £2 next week if we get news of significant sales I think which is certainly possible. I don’t think sentiment alone will take us anywhere near that. I am just hoping that the company update doesn’t confirm no sales.
RE: Look at the serious players invested in GDR05 Jul 2020 19:03
So don’t get me wrong, I think it’s positive too.
I just put myself in their position. If they need approx £1.15 to make up for any loss in interest and they were confident in them being able to sell all their shares above that, then that means they would convert right? But above that does t necessarily mean £2+. Even at £1.50 that would give them a healthy profit.
If they were really hoping for something like £2+ in order to justify the conversion then why not wait till it gets towards £2? The only thing I have is that the conversion might halt positive momentum and so they wanted to convert while things were fairly static.
RE: Look at the serious players invested in GDR05 Jul 2020 18:42
Honestly, you’ve lost credibility in this particular discussion. You used a fundamental misunderstanding to justify one of your borderline ramps and then you not only didn’t reassess your justification but refused to acknowledge your mistake.
I know there are plenty on here who are ok with that kind of thing but for those of us who prefer an informed discussion, it isn’t helpful.