Placing. substp, where are you?28 Feb 2007 12:23
I think that his placing waters us down by about 10%. The company gets in £1.571 million after expenses. this combined with yesterday's £200,000 sale makes £1.77 million in two days, this should keep the wolf from the door for a bit. What would be interesting is to know which institutions are buying. Often the institutional herd instinct gets hold, so the question is, will others wish to follow and will the company go on issuing stock to satisfy them? Anyway 10% is not too bad on a success story and is easily absorbed. We should spare a thought for poor old 'substp' who it seems is away and missing all the action.