Churn may be far less than people think.5 May 2026 18:25
Yes, 125m shares at 4p — but this wasn’t retail. Likely placed with institutions, HNW and strategic US investors backing the rollout.
That kind of money doesn’t flip for 1–2p.
So while some will take quick profits, the real free-trading portion is much smaller — meaning:
* Overhang gets absorbed faster
* Supply clears quicker than expected
* Float tightens rapidly
We’re already seeing strong absorption in the tape.
This looks like tight capital ahead of growth — not loose stock flooding the market.
If so, the churn phase could be short and sharp, and once it’s gone… it can move fast. 🚀