RE: RNS28 Jun 2018 09:34
The Spreadex situation is very sour ... they should not have allowed them the purchase of shares. If Alba simply placed the 266 million shares on the market as they did in the first placing, us PIs would have hoovered them up. The SP would have been well above 0.4p right now.
What Spreadex is using these shares for is obvious. This morning, straight at the opening, two relatively small share sales, totalling under 3 million, knocked the bid off 0.25p and is now down at 0.23p.
Stops any new buyers running in.
Yes, this is another good question to ask.
Also, why placing at 25% discount to present SP (which also happened to be the lowest), we are at 0.4p and the placing is at 0.3p.