RE: Raise correspondance25 Jul 2025 21:29
Still fully backing HE1, the fundamentals, forward catalysts, and strategic positioning remain incredibly compelling 🔥🚀. But as investors, we also have a duty to observe market mechanics with a critical eye.
Given Marex’s dual role as both broker to the raise and market maker, it’s only prudent to monitor the VWAP trends, bid/ask movements, and volume timing, especially around key dates tied to conversion pricing.
For example, on July 24th, we saw a volume spike of nearly 190 million shares traded, over 4x the usual daily volume, while the share price declined despite significantly more buying than selling (we know buys show as sells etc). That kind of activity demands attention. 11% down that day alone.
No accusations, just a fair and reasoned note: where there’s potential for vested interest, transparency matters. If everything is above board (as it should be), then there’s nothing to worry about. But if not, now’s the time to ensure it is.
@Marex
Retail is engaged. Records are being kept. And the market isn’t as sleepy as it once was. 👀
Perhaps one for FCA to look at? Just a thought.