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I assume Rog will be happy if the share price rises.
If the placees are after taking the company on the cheap they will hold their shares.
The forward sold shares will need to be bought back.
The sp will rise...the shorters will get more desperate
......so if that's their plan, that's imo is good for current shareholders.
Let's see what they have to say Rog, remember you were convinced they were never coming back.
I have deposited funds ready to buy...
But will see what tomorrow brings.
I am buying more tomorrow. I expect it to bag fairly quickly.
I agree AIM, it must have been approved by the Nomad but considering who the Nomad is I then think they probably are in on what ever the scheme is here.
As for 400% once/if this comes back to market I highly doubt that. If I had put £2m of my money into a company on the brink of administration I would want to get my money back asap. If this starts to rerate then the placee will be dumping shares galore - 1.9 BILLION of them - well before the sp gets anywhere near .5p!
If trading does resume tomorrow and is confirmed by LSE in an RNS then I can easily imagine after that massive dilution the sp will either drop or hover where it is. Some say it's curretnly priced for administration but not so if this £2m placing goes through. It resets the bar at .1p. The company will have to come up with something concrete in an RNS to prove it's worth investing in from here on in, especially considering the lack of humility from the CEO, by which I mean not a word of apology for taking the company into two legal disputes (that both failed to win) and a decline in share price of over 95% in less than six months. How can anyone trust this person going forward? Clearly his decision making is appalling and even before the company is back on its feet it has been suspended for several weeks, he's busy appointing more and more Directors who will all have to be paid out of the recent placing funds. It doesn't inspire confidence really.
I don't expect anyone here to stick around if the sp goes as high as .2p. Many will sell and count their blessings to get out with at least something. Lars is a car crash of a Director and will only lead this company into more trouble. Just a matter of time. And don't forget, we have no idea what he has promised who ever it is that has provided £1.9m for the funding. If they hold the vast majority of shares there will be nothing to stop them from buying the company for peanuts as they will hold most of the votes in any share holder approval required for such a situation. Still think we've been sold out and will end up with nothing and Lars will keep his job and salary and act as if nothing untoward has happened.
I’ve already got a good holding here but average is 0.18o, thinking of doubling up as soon as this opens. Might lose 10%, might gain 400%.
Don't think Nomad would of approved their latest Rns Rog.
? Don't think we can resume trading without an RNS prior to the whistle being blown... or am I wrong on that?
Must still be something weird going on or LSE would just clear the matter up and allow things to return to normal.
The appointment of several new Directors does of course mean the £2m raised is going to be spent pretty quickly on salaries whilst the company still has little or no income. All highly irregular.
Red dot tomorrow, after the advance sellers get their shares and deliver them.
Hmmm still no confirmation from LSE that reading will resume tomorrow. Have CPX directors jumped the gun perhaps? Will be watching for the little red dot today.
This was priced for admin, which is no longer a risk. Re rate incoming imo
Gla
You ok hun?
I do wonder if the idiots actually trade at all.
90% drop my A-R-S-E
Give a real rational reason why it would drop.
Or is it the shorts are now so buggered they need it 90% lower the get themselves out of the do do
Seems the T=W=A=T=S have returned
Beware of The Resident duplicit—s Narc Billy -( sure I spelt that incorrectly) .Known across the boards as someone whose Radio you’d have to seriously question as it told you the time it is not to be trusted period.You know the one -knows it all and loves to ra-M its opinion down your throat endlesslywhilsf belittling everybody else’s.Anyways,Aim for the skys it is.Good luck to all who held before this scourge descended.
The placing price is at 0.1p. Why would it drop a further 90%?
Don't see it jumping 400% though either. If it does then what would you do if you held those 2 BILLION new shares? Quick and easy profit me thinks. Double your money and sell them at .2p. All depends if they're in sticky hands or not.
First thing is first though it would be good to get LSE confirmation about Trading resuming on Thursday. Don't think Lars or the Nomad would have been silly enough to put that date in an RNS unless they already knew that was when it will re-open.
Drop by 90% on Thursday?
Lmao.
If one of the names on a TR1 is Elon Musk it would open 90% lower....that's what you are saying?
Finally ! Been a long wait …. Mmm lots of opinions how this will open ! Would like to believe the glass half full posts !
Gla Thursday
Nice try parkez for all the comments saying this will rise. but market not working like this
What the sp does depends on who took up the Placing.
But it's certainly going no lower...despite the dilution.
Lol...
Good one...not.
Was priced for administration. This should open 400% up on Thursday and move onward from there.
Thats for sure. even if there were some news recently