Worth noting no other cheeky convertible loans on balance sheet aside from remaining £1.5m BGF loan note.
So let’s churn through and then get cooking.
Reckon circa 24.5m vol in past 13 sessions.
So reckon InterTrader gone and large chunk of BGF gone - let’s see as 1st Oct will require TR1 RNS from all those over 3% due to dilution - let’s see whose sold what.
Dr - contrarian views always welcome....now get the beers in old chap & start ur initiation with the yard of ale while we all chant in an an unintelligent and unintelligible raucous cacophonous manner...”chief, chief, chief.....D.I.O...D.I.O..”.
It’s a matter of ‘when’ not ‘if’ above land - unless anything formally is announced to the contrary.
You could take the opposite view, but then why would you be invested??
Patience is the key - this moves quick both ways & I don’t really think today materially changes anything, expect we’ll tickup again post 1st once shares hit market (which expect many would have been forward sold - await RNS to prove out). But loan conversion was always on the books - just growing pains, no hidden agenda.
I note BC timescales are disappointing, but saliva was over optimistic in those timescales, as long as swab automation validation successfully progresses through next phases (with communication of key milestones), then we’re in good shape.