Totally disagree. I know these people have no idea whats happening, I'm selling my small holding and I forecast loss after loss, also know they have lost all the good sales staff. Please tell me WHAT strategy?
The share consolidation will become effective from start of trading session Wed 27 March as the 1:100 will be approved on the 26th. With only 31Mns issued shares it should make them a very attractive option compared to the oversupply of shares currently on offer on AIM. Understandably holdings percentage positions will not change but with over 70% of the issued shares tightly held allegedly then there will be hot demand for the remaining outstanding shares. What I would like to see is the elimination of the share premium accout thus paving the way for possible dividend payout but for now I don't believe it is on the immediate agenda.
The trading loss meant that it was inevitable that this would drop, how you could suggest "strong buy" at that time is beyond me. Perhaps you are locked in! Anybody following your opinion would not be best pleased. Perhaps a "buy" when it bottoms out tp 0.20?
If you look back to 19 Feb the day before the RNS you were still shouting "Strong Buy" whrere as if you see look at my post I was selling at 0.4251 . You will need a 50% rise to get back to that level! You are such smart investors! This will hit 25 by the end of the week.
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