Disagree Crackin. The PI's who bought at 5.5p were already shareholders and most only got 21% of what they asked for so the profit in pounds shillings and pence would be very small - not worth taking for the vast majority.
I can imagine a nice profit might be tempting for some but not me - momentum is starting to build and I think there is a long way to go with this, particularly over the next few months. That's not an attempt to ramp (as if us small PI's could influence the SP!) but Scancell is very well placed. as you say it will be fun.
Chester there are probably a few like me (and I think LL?) who applied for a lot more than they really wanted, fully expecting the oo to be oversubscribed and the allocation to be scaled back. I applied for double what I wanted and was disappointed to only get 21% but I have since bought extras to make up the difference.
From what I've seen, the SP you see is the last deal price so if its a sell, given the bid/ask spread its likel to result in a fall in the SP. Not sure I've explained that well but I hope you get the idea.
Just pondering whether to top up again. Like many I only got 21.3% of the extra shares I asked for so bought a few more at 7.25p. Think I might wait for a bit now to see if there is a dip - if there is I'll top up again. If not and they hit double figures I'll still have done well with the extras I've got.
RE: Possible Company Announcement ... ?14 Aug 2020 14:45
I wouldn't have thought so chester - there has already been an RNS referring to the OO being oversubscribed. I'm sure it will be mentioned though alongside any other news / the Proactive presentation
Heres a question for you C7 (I know you like your bid/offer scenarios!) My broker is showing 7p / 8p. Big differential - Im guessing this means there must be very little liquidity in these shares now?