It's worth noting Last week Institutions bought into VOG with the idea that Gas prices are on the increase in Russia.
Mr Foo and it's management, of Victoria Oil and Gas (Ex Yukos with 25 yrs or so in the Oil business) in it's placement presentations to the Institutions outlined the Ukranian situation,with Russia's Gazprom and what that means for the future.
The placement was 2.5 times over-subscribed, equating to a possible demand for another 30 million shares in VOG. (my calc's are apprx..)
The ukranian situation was probably a question that came up in any presentation by VOG and ALBEIT demand for VOG shares was still over- subscribed...and thats INSTITUTIONS buying not PI's.
It if was bad news for VOG, do you seriously think that MR Foo and other directors would have paid £1.05 only 4 days ago???