What was the alternative to the share issue.
If you didn't see it coming that is unfortunate, but both Chuditch and Peru needed funds in order to further there value.
The share issue is good for the company in order to increase value. Unfortunately many PIs have had their fingers burned in the process.
The share issue was set at 0.10 pence in order to get them all sold to investors. Why anyone would pay 0.13 to 0.14 is beyond me.
I anticipate being able to buy closer to 0.10 pence immediately after the second tranche are made available to the market, subject to EGM approval on 10th March. So at a date still to be specified, but a few days after 10th March.
This is my personal view and i could be way off beam.
There is no game. Any experienced investor will know that the share price will be approximately 0.10 p on the day the second tranche of shares hits the market. If its not the case with BOIL it will be a very rare exception.
No it's not insider trading. Mrs Pavisi would have the same expectations as the rest of us regarding a possible placing.
After the second tranche Mrs parvis will have less than 3% and therefore no liability to advise of any further selling - should she choose to do so.