fugazi?13 Jul 2020 13:33
nothing so extreme modeller.we have had process going on now for 4 weeks or so where there have been pretty consistent daily medium to largish sell trades (250k shares seems the most common) and this,imo,is what has prevented the s/p rising further on the very good news we have had and which has prevented any gains from holding .the process has continued apace today and is no longer offset by good news.it may continue until the next good news, who knows. who or what is selling is again unknown, but it may be a larger holder exiting. we have had no TR1s so no thresholds crossed as yet . so far as I'm concerned nothing in the fundamentals have changed and indeed they are improving to my mind.has the s/p been impacted by the LN news today, possibly but probably not ,hence my reference to straw man and.it would be ludicrously naive and simplistic to expect melody, a very small company, to be more involved with LN than has already been announced at least for the time being.does anyone really expect it to be able to do offerings from LA,NY, AP and Brixton, as well as covering LN's outdoor drive ins? i don't. obviously disappointing today but there aremany reasons why people sell up and they are not always to do with prospects. all just my opinion.