And I am learning all the time. But, I found liquidity problems with IOG this morning and it seemed that i was not alone, so clearly whilst plenty were selling at panic prices, the MMs were not selling on.
I was trying to buy £20k and then tried reducing amounts but no luck.
My question is - and I thought about buying here at just over a penny but did not due to still learning. How much liquidity is there in a share like Excite in it's current predicament? I have no idea.
Can I buy x for £20k or £50k and can I sell an increased y for a proportionate profit? Or is the liquidity not there? I understand the spread can be significant and can factor that in but not being able to buy or sell shares, in a market that has supposed liquidity, worries me.
"This stuff" might just be the one that breaks surface bonker, simply because of the very large retail interest and the fact that the OGA are newly installed regulators who will want to avoid a big stink just as they start. This could be a big political event yet.
More likely scenario is to pressure the bondholders to greatly improve their offer. Miss by them of the acceptance vote at the egm opens up a can of worms in attempting to divest the asset and sell it away. They have to declare default on Xer which oga would love re quad 9. Consensus would win, aggro problems.
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