1.5m delayed20 Apr 2020 18:54
So today we have another 1.5m of delayed buys and sells.
There is a reason for this and if a buyer continues to accumulate they don’t need to declare until they stop.... good old AiM !
So my guess and this is a guess not fact, I believe a company is buying the flipper shares and accumulating up to 30%. They have been dining on the placing shares and are happy to buy at what they see as a discount to true value (once SNG001 is approved). If the can buy 30% at an average of 70p and have to spend £5 per share for the rest, that significantly reduces their average buy price.
As I say, I have No intel on this, unlike my other posts which are backed by a source.