RE: Fabulous Future for Union Jack Oil19 Sep 2021 19:13
Croc, selling shares which have not been officially approved has been a practice on AIM for a number of years. It is a type of share shorting, with the short being closed when the new shares are officially issued.
As DB has said the placing may not happen, I assume this forward selling has not taken place, although there were a lot of 50k trades on Friday.