Conspiracy Theory1 Jun 2018 13:28
BR were in control of the timing of the announcement of the second tranche of funding on 31 May.
On 23 May they started forward selling some of their 307m future shareholding.
Some finger trouble at the brokers meant that the sell order appeared for a short period of time for those who had DMA access, thus giving some PI's the heads up allowing them to start selling as well.
This was reported at the time but was unverified. The order quantity was also not quite right, being slightly larger.
As the share price dropped, this allowed one of BR's natural resources investment funds to start acquiring a stake in WRES, knowing full well that as soon as the forward selling stopped, the share price would rapidly rebound, leaving them with a stake that is already in profit and which will multibag over the next few years.
It couldn't happen, could it...... ;-)
And no, before anyone asks, I haven't sold any of mine.