RE: ISA29 Oct 2019 11:41
Barking the 19.99% only comes into affect when volume increases. Volume will increase on any positive news. Therefore whilst volume is lower it has been the norm to see ISA 225k sell. This is why the funding can be seen to be fair as more volume for positive reason translate to a higher SP more ISA sold more money to AAOG.
I posted the below on 30th August.
The Investors have covenanted with the Company to use their best endeavours to dispose of at least 4,555,459 shares per month so a minimum of 227,773 per working day.
In order to achieve the 9,110918 per month the investors need to dispose of 455,545 share per working day.
However to achieve this they need 2,277,250 volume per working day as they can only sell a maximum of 19.99%
Surely the investors also require good news to increase volume.
Once this reaches and remains above 6p+ this agreement will work in our favour.
Targeting Djeno will provide so much volume that the 19.99% will be a pin prick.
GLA