I did not wish to 'promote' the company, nor its shares. it was very simply that I had belief that it was all actually going somewhere, and I might be able to make a bit of money out of it by having supported a worthwhile plan. In fact the 'worthwhile plan' side of things wer of more interest to me than the possible profit.
This is why I might appear to have 'changed sides', if that's the correct term to use. It's simply because the 'plan' doesn't seem to be working.
I will wait a bit longer for what evolves before making any decisions. And definitely not selling anything now, even if I may be showing a 'paper loss'..
I have now joined the ranks of people who are cautious here, but have no desire to be seen as any sort of 'deramper'. I'm a PI, not a 'trader'. And thus could stand to either make some money out of this, or lose a lot.
So in that respect, my position has not changed. Patience is the watchword. We have to see what happens.
As far as I understand it, the extensions are caused by argy bargy in the closing auction with the participants not putting down offers/bids within a certain distance from the last AT which in this case was 13.75p.
It implies that either the bid collapsed or there were sellers unwilling to offload close enough to that 13.75p mark.
That's as much as I can get out of it - who knows but I've seen it before on, er, "dynamic" shares in the past with big moves sometimes following them. As I took a few in here earlier at 13p and noted the ask evaporate to 15s during the day, I'm hoping it implies some big blue on Monday with, perhaps, the MMs struggling to form an orderly book during the day/ending auction due to unwilling sellers :)
HI jimbop thanks for sharing your thoughts.I am in the same boat as many on these bb are.I have 207000 shares left after loosing 45,0000 shares whilst ill in hospital over Christmas bad time to trade whilst your unwell,sold out at 14 bought back at 24 I think, I say think because I cant stand to look. still like you and others I shall stay put, as you say its still a good company with a good product, so we shall see what we shall see.Once again thanks for sharing.
Good post Jimbop, although some of the naysayers will definitely see it as a ramp!
Can any of you financial whizzos out there proffer an explanation as to why there would have been 2 "price monitoring extensions" and the rhetoric about unusual movement s accompanying said RNS's please ?
I think it will drop further until we get any positives. The previous RNS's were too ambitious, and this has led to loss of confidence in the company. I will wait for a lower SP before going back in. possibly around 10p unless some news arrives sooner. Shame because I love the prospectus of this company but it has now attracted shorters and day traders, which have spoilt it.
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