Just relax.... you are all talking as though we have been diluted. Wres has an option to draw down in £500k chunks. At the moment nothing on the loan note has been drawn down.... it may be that none of the loan note is used... so no dilution.... if their is any drawdown then the loan note may not be converted to shares....
RE: something to get your head around28 Mar 2020 12:05
If these are someone’s shorts then at some point the seller/s needs to buy back up to 7mil shares to give back.... At the moment there is a big spread and because the shares are been bought, The MMS are not sitting on many shares. If this is correct, then the Share Price will rocket if someone attempts to buy 7 m shares.
On Thursday when the seller sold for 1.26P I just wonder if that was an attempt to keep the SP down at that price (1.26 ) and hoping that there was not a flood of buyers that we had after the sell, I think 50K of buys on Thursday.....
In summery at some point all these shares need to be bought back to close the short position... thus raising the share price.
RE: Those that got shaken out 20% sub cash20 Mar 2020 14:00
Oil price started dropping a bit. Wonder how that will effect oil and gas stocks and their rises this morning. BTC also started pulling back as well so sold the ARB I got yesterday. Left the profit to run longer term. Still £250 paper profit not bad for less than a day.... maybe this is how I get some losses back.