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New FCA guidance is a welcome step forward for UK SPACs- August 17, 2021
The rules for SPACs are changing – a move that could breathe fresh life into the London market.

New regulation that came into force last week provides extra flexibility for large Special Purpose Acquisition Companies while offering greater protection for investors.

The changes relate to the thorny issue of automated trading suspensions. SPACs that raise at least £100m at IPO will no longer have their shares suspended once an acquisition target is announced provided that they meet a number of criteria promoting investor protection.

This addresses the quandary of investors being locked in at the most pivotal stage of a SPAC’s lifecycle, unable to access their capital and exit their position until a prospectus has been published, and brings the LSE into line with other major exchanges.

Under the new regime, to avoid share suspension, SPACs are to provide investors with a ‘redemption’ option so they can exit before an acquisition is completed. They must also, among other measures, ensure money raised from public shareholders is ringfenced and that shareholder approval is sought for any proposed acquisition.....

Https://businesscloud.co.uk/opinion/new-fca-guidance-is-a-welcome-step-forward-for-uk-spacs/

New FCA guidance is a welcome step forward for UK SPACs - August 17, 2021
The rules for SPACs are changing – a move that could breathe fresh life into the London market.

New regulation that came into force last week provides extra flexibility for large Special Purpose Acquisition Companies while offering greater protection for investors.

The changes relate to the thorny issue of automated trading suspensions. SPACs that raise at least £100m at IPO will no longer have their shares suspended once an acquisition target is announced provided that they meet a number of criteria promoting investor protection.

This addresses the quandary of investors being locked in at the most pivotal stage of a SPAC’s lifecycle, unable to access their capital and exit their position until a prospectus has been published, and brings the LSE into line with other major exchanges.

Under the new regime, to avoid share suspension, SPACs are to provide investors with a ‘redemption’ option so they can exit before an acquisition is completed. They must also, among other measures, ensure money raised from public shareholders is ringfenced and that shareholder approval is sought for any proposed acquisition.....

Https://businesscloud.co.uk/opinion/new-fca-guidance-is-a-welcome-step-forward-for-uk-spacs/

From the "UPS" thread ...........
"Had a good rise from the lows and then a small retrace, today is rising again with volume, some of their investment are rising also for the last couple days. The chart is pointing to better things to come after the large fall for the last few months"
chart https://uk.advfn.com/p.php?pid=staticchart&s=L%5ERGO&width=515&height=325&p=3&t=1&dm=2&vol=0&cb=

The sharp rise was then replace with a sharp retracement till today
chart with comment.... https://uk.advfn.com/p.php?pid=chartscreenshot&u=zgvEUWR5zg6BeTagF/UqYELoMDJWYLxxPJbeRBNsci8=

PIRI 6.75p +0.45p
Rising with volume BULLISH

Chart with a comment... https://uk.advfn.com/p.php?pid=chartscreenshot&u=DLMda26hHQOVKZp76Y7M2NKXiRjsgwa7NAzY%2FAvOJCk%3D

PIRI 6.85p +0.55p
The monthly chart looks much better, as it shows the rising volume and the share price appreciation today, at this rate the volume is going to be the best for the last month.
chart ... https://uk.advfn.com/p.php?pid=staticchart&s=L%5EPIRI&width=500&height=225&p=1&t=1&dm=2&vol=1&cb=

I selected the share to go UP on my thread earlier.....

Master RSI 11 Aug '21 - 13:51 - 140 of 141 Edit
UPS
PIRI 6.30p ( 6.20-6.40p )
Looks ready to go better on the buying and selling side after being sided ways for some time. The seller of lots of 100K looks like has stopped for the last couple of days.
chart with vloume
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EPIRI&width=300&height=205&p=2&t=1&dm=2&vol=1&cb=

Time for a joke or two .....
Do I see some organized crime selling lots of 50K short?
Time to lock them up where they belong ... "calaboose"
pic ... https://upload.wikimedia.org/wikipedia/commons/thumb/7/7e/Calaboose_Jail_Kemp_Tx_-_panoramio.jpg/800px-Calaboose_Jail_Kemp_Tx_-_panoramio.jpg

are you really 99 years old?

The sells 99 minutes later work not the SHAKE 3 minutes after opening, fooooooool

It looks like some ( organize crime) are selling short lots of 50K
intraday chart ... http://uk.advfn.com/p.php?pid=staticchart&s=L%5ETERN&width=285&height=300&p=0&t=1&cb=

The MMs shake did not work and encourage larger buyers to get in, and UP we go
price now 22.50 v 23.50p

I selected on my "UPS" thread TERN to go higher yesterday morning @ 18p. Today I made a chart with the reasons why, below....
TERN 22.25p +3.65p
Chart ... https://uk.advfn.com/p.php?pid=chartscreenshot&u=i9fawKvHpeIj8MPWcZskeTDxyalQlZiwuQyKX5DwqFM%3D

Worth waiting for, let's see how it work out the reverse takeover

BITCOIN $34,280.41 +1,072.30 (3.23%)
On the up this morning, though fluctuates below to $33,000, it does not close below $33,400
chart ..... https://uk.advfn.com/p.php?pid=staticchart&s=COIN%5EBTCUSD&t=1&p=1&dm=2&vol=0&width=600&height=265&min_pre=0&min_after=0

Down to 9.825p and then ... Someone is buying large now or 100k a few times
now 9.20p

Buyers are back today and the share price is moving accordingly, already a UT of 8.10p

Some good large buy trades and MMs are moving prices up, 3 of them.

Someone was buying large earlier at middle price

09:22:06 8.15 500,000 £40.75k

That was a large buy alright and paying full ask, 6 minutes ago

09:44:34 8.30 230,000 19.09k

Looks interesting and ready to BREAKOUT, has been on a rising trend with large volume lately.
Positive level 2
Chart with volume ....http://uk.advfn.com/p.php?pid=staticchart&s=L%5EHAYD&width=300&height=205&p=2&t=1&dm=2&vol=1&cb=

gone to 1.05p offer
1.05 100,000 PEEL 13:02

after a 100k buy, could have been another MM buying to move the price most likely
13:01:59 1.00 100,000