"Did PH tell BMM of the CR for 2 August before the TH on 29 July, NO.
BMM look like they had no idea of the CR as they were selling after it at 9.6-11.0 instead of 14.0
BMM were caught out with their shorts down."
Actually agree with this - very interesting. Looks like BMM really panicked trying to get that tranche done before the placement shares landed. Additionally I would say their execution trader(s) are totally rubbish. As for the call to sell at that particular point in time, that looks pretty much amateur hour as well. The numbers don't lie.
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