Probably the best news we’ve had all year tbh how many big hitters will buy in now knowing the bond holders won’t sell into the market
Who’s to say they won’t do the same for the next payments too
Clear path to £1+ now
All IMO
Erm no... the purpose of the placing was so the bondholder doesnt sell their shares into the market....
The dip was mangrove reopening their short....anywhere up to 8m shares (assuming they closed entirely at 11p)
The entire market knew the conversions happen every quarter with relentless selling so not a bad bet, caught everyone off guard today
All IMO