RE: Lombard - significant selling10 Jan 2023 18:29
They sold on Friday, so the may have bought some today as others panicked as if this was going bust. They have a right to buy and sell as they wish, just like the rest of us.
The Company has executed an updated term sheet with improved terms that is subject to the execution of a definitive agreement. The terms set out in the term sheet will provide current shareholders with 30% of the enlarged Company. Based on the current number of outstanding shares and the new FCA requirement of a minimum market capitalisation of £30 million for new listings that came into force on 3 December 2021, if successful, this provides a "see through" valuation of approximately 2p per share.