Helping your mates at LOAM3 Feb 2023 14:40
How would you help your mates at LOAM sell their massive stake in Nanoco?
Well, once LOAM knows that the the BoD are happy to settle for ~$150m (equating to a share price of ~30p), you just need to keep telling the market that the litigation will be multiples of that level...
Give it some time.... and LOAM can sell down happily over time at 30p-40p and everyone buying the shares thinks they are on to a good thing. Everyone's happy!... Because LOAM know they've have all their potential returns, and the new shareholders think they are going to make good returns.
I guess it was fairly transparent in a way. LOAM were letting us know all along what they thought the true value was.