RE: FCA Delay impact17 May 2023 15:52
Bladderman, if you believe everything you see then you must be perplexed as to why we're now 16% in the red.....
Same as the last couple of weeks. Many, many trades being reported as buys when they're sells. Why is anyone's guess but there is obviously a lot of selling going on and considerable efforts gone to in order to try and conceal the fact. A Tr-1 now revealing a large seller would send this tumbling. However, I think it's more likely to be who ever has coughed up the £750k has forward sold. As someone else posted, it was probably arranged a couple of weeks ago and they didn't expect the sp to stay above 1p and more crucially they didn't expect GST to be accepted into the Sandbox programme, or else they would have held on for much longer. Would love to know where the £750k came from. Then again, maybe it's better we don't know.
As it happens the sp is hanging in but clearly fragile and trust and sentiment will have been damaged by this raise so soon after being told GST was funded for a year by the CEO. Naughty and doesn't encourage confidence in future comms regarding financing. The market won't let him get away with it again.