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DansVans019

06/05/24 5:32 AM

#696152 RE: Smitty5150 #696150

If you have EVER had in dealings with a hedge fund this is exactly how they operate. There is a preset return for them and they are gone. 100% CORRECT Smitty!! But sometimes necessary for a short term deal. I'm not sure it really matters once approval is granted. We should listen to Smitty5150. He's been right on target.
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attilathehunt

06/05/24 9:19 AM

#696205 RE: Smitty5150 #696150

The last time a stock did a placement like this that I owned, was Anavex



Two things...

1) They didn't hold for very long.
2) So you are Fireman!!
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Dan88

06/05/24 10:23 AM

#696248 RE: Smitty5150 #696150

Well that's why I put a ? ending the sentence. Nonetheless, any human being CEO would if they have a choice prefer to fulfill his/her fiduciary duty for the interests of shareholders. So unless so desperate which I don't think is even a remote case as we are approaching approval in UK, I do believe this time is different.

Technically speaking, if the trading volume continues to be low, from 1 million to a couple of millions, it may be a test for those funds/high worth individuals in the sphere of influence of SIO, and/or SIO itself, believing they have been and will continue to be a driving force for price appreciation in the near future.

Then, they would take the stop loss order shares in a lightening speed and then drive it higher if they are as tricky as most living in the Wall Street. Yes indeed, SIO is located and operated from there, but if somehow Linda did has done the deal with SIO in mutually good faith, then the old Woodford style price support may not be a remote possibility.

Since we are close to the HMRA approval in UK, in weeks/months, plus the above thinking, I will happily reembark once again my accumulation. Yes nobody knows for sure. It's just my speculation and belief that any shares I have bought and will buy in the near future at this depressed price will be proven good buys. So no regret whatever happen in the near term!
Bullish
Bullish