RE: Let’s get it back27 Jun 2020 16:38
no you are not making sense. warrants are issued if they can expect the shares to hit 2p ++ as per last RNS with the outgoing sam malafeh (ofc for the new CEO coming in). It shows a vote of confidence with the interest free haven and singapore/ london market opening up, revenue looks set for a major improvement. but since u are not invested here now currently, it doesn't matter. if it drops, u are welcome to be a holder like me! I'm hoping for a short squeeze given how the notice was given about trades not being settled duly. Companie's RNS has given alot of hints that forward selling happened. I suspect they allowed those forward sellers to subscribe to a small portion of the shares. If i'm not wrong, most of these shares are in sticky hands i.e. CG corp and Boost that comprises to at least 90% of the current shares they undertook.
This means the minority would be given to these forward sellers, and we are expecting the company to release an update as to what happened. I'm duly expecting a short squeeze (but if i'm wrong, i'm really okay with it) by reading in between the lines of "trading will be improved, and not going back to normal). GLA.