Oxford Biomedica. 2005 to see 'Huge value creation' (Panmure Gordon)

So Raven, you still dont have a position and still see this going to 18p? So, if we at 28p now, I guess good time to short, especially as it would go to 18p.

If the Inst want more stock then tomorrow may see a slight dip to scare PI's to sell what they have.

I guess the one thing they thought about was that if they gave the PI's more than 1:14, say 1: 5 or 1:8 there would be less take up or if the take up was high then more shares dumped by PI's for a small profit. This way the main lth's have taken more to keep and Inst will keep for a while longer. Was there a clause in the offer to Inst they have to keep shares for a minimum of say 6 months berfore selling.