RE: JSE Listing30 Jun 2019 16:03
The simple solution would be for the company to agree to take x million shares from the seller to facilitate the JSE listing (this would protect profit for the seller, reduce downward pressure on sp and give the company the means of transferring shares to the JSE exchange) everyone's a winner unless this doesn't suit.
It is and i stress it is opinion only in my view that a reduced sp is part of the plan, to make good the South African story.
What is to say for example that YDH, Golden Saint or an African based friendly holder are not selling down part of their holding to reduce the sp, come listing time the company issues new shares (not necessarily at a discount but at real time sp of listing given imo we are currently undervalued) and they then take those shares back at the set price, everyone's a winner.
The company makes good its listing on JSE, huge demand for shares so company sees fit to issue increased amount of shares to speed up its development (a large % going back to whoever is currently selling) so raises more capital, current seller profits nicely(difference between selling from say 30p downwards to say 20p and then picking those shares back up at 20p). South Africans get cheap entry. Whats to say that whoever is shorting wont have access to listing shares if the company does decide to issue shares.
Then the news follows.
I may be well wide of the mark but that's my take on things.