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Would like advice on my theory on making a few quid
Say my open offer was 600000 at .18
Share price is bound to get ramped from Monday or no one would be interested in taking up offer right ?
Say price goes up to .24
I could sell 600000 of my holding for £1440
Then take up open offer to buy 600000 at .18 for £1080 keeping £360 profit
Correct me if I’m wrong please
Thanks for the info
I’m thinking of buying the equivalent of my open offer now then hoping for a positive RNS on Monday to push price up say to .24-.30
Sell at profit and take up open offer on 21st
Is this possible and allowed ?
honest opinion I am in this expecting a positive result in my investment. I believed the company would survive 6 months ago so all good, not as positive now but I am holding on to my initial thoughts after doing my own research on this share. however I am completely new to investing, but I am in until judicial decision, still confident but hey ho I like a gamble so GL