Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
As TerryDactil says that 2.5 million sell was probably an adviser sale. Regarding Buys, I wonder if an institution forward sold Placing shares and now buying back to close for a modest gain. I suppose we will never know the answer.
Only a guess. On 3rd November, including that day's 1.5 million sale I reckoned he only had 6.5 million left. So with 2 million sold today, 4.5 million to go. That assumes his sales are in amounts of 1 million or more. If some of the 300K and 500 K trades are his he may be much closer to zero.
I could provide a long list of questionable activities regarding an individual who is not a Director of this Company. However I will just say that in Business Terms this individual is as much use as a Chocolate Fireguard.
Looking back I was surprised to see these peaked at 19 pence as far back as Spring 2014. So it has declined for almost four years, longer than I had realised. First bought these on Ofex at around 1 pence. Given this mornings announcement 10 pence over the next year looks entirely possible.
On 24th October last year the option was excercisable at 35 pence only if the sp had reached 150 pence before any reversal. It remains to be seen if this will all proceed. However if it does, it is looking very good - 150 pence before. Nothing to suggest that no reversal will take place and nothing to say a further uplift in value after reversal will not occur.
pawlenty - Not sure why you think £50 million would be put into Highway before reversal. We know they will buy a million at around 20 pence. As to reaching 150 pence to trigger Option's on 3 million shares before reversal. With our tiny Market Cap of £1.44 million. Just suppose someone had a £1million to spend and went into the market to buy buy and buy. i would think before they had spent the first £200,000 the sp would be through the roof. Had a lot of reservations last year. However feeling more confident and whilst we have more questions than answers, it is nice to be holding. There must be people already thinking of buying and unable as we a still suspended.
On 24th October 2016 Highway granted DMH&Co an option to purchase 3.5 million shares at 35 pence. Only on the condition that the price per Ordinary Share, prior to any capital reorganisation, has reached 150p prior to the date of exercise. Any purchase of 1 million at around 20 pence has yet to take place.
I believe you are, rightly, being circumspect in what you post. Like you I am aware of the Company lined up for reversal. Which if it goes ahead appears to put Eastern Europe to one side, certainly as an investment priority. I was thinking we would have another month prior to relisting, I hope you are right in it being sooner.
Guess we will sit suspended until at least mid August. During the wait we can now watch or even participate in the latest Cryptocurrency offering. If, as is entirely possible, it raises the higher figure suggested we are going to have a pleasant September. Even in the unlikely event of total failure I am sure our board have other options. The amazing thing is that Highway Capital, whilst taking absolutely no risk could become a Black Swan Investment.