Now 17m volume!
the naked prciks must be fighting hard to keep it down. Be interesting to look at Fintel tomorrow to see if they naked shorted 50% of 17 million shares.
When will they break?
Hmm I think you’ll find at 2p and 2.6 billion shares the value would be £52m. That would be very nice but I don’t see that happening soon.
The earlier poster predicting a buyout at 0.5p seems more likely
Are Anavio and any other big buyers going to have to be very careful to avoid owning 30%+ shares in the company?
To avoid triggering the FTSE "Rule 9 offer"?
I am sure no one would want to be forced to make an offer at 6p+ per share in the current situation. That would be around £160 million!
If AM really believed in the company he should have done that in December when SL first let them know they want the money back. That would have had the opposite effect on the SP as it shows confidence. Instead we have the present $hitshow.
George Roach did that for Prem in the summer and the share price recovered nicely.
Also don’t they (Anavio, other bond holders, etc) have to be very careful to avoid owning 20% or more shares in the company?
Otherwise thew would have to make an offer for the company at presumably much higher SP than currently?
Take this hand in hand with having to dump the excess shares above 20% onto someone.
Seems they aren’t completely free to dilute infinitely, they have to do their dirty work within those constrictions.