I hope they are not going to wait til Friday because its bad news. There have been some big buys this week but its down 8% on Google this morning so I get the impression some think this is going lower.
Have to release results tomorrow and one would assume that they will provide a post year end update as well. Pretty disgusting that there has been no update whatsoever since March. A lot of bad news priced in, but is it all priced in? MM's massively dropped the price this morning on what appears to be little volume. Will we see delayed sells? Was it just a tactic to pick up shares? Who knows, but we will find out tomorrow or it's suspension!
They have to announce their results this week or under the regulations they will be suspended. I guess that would be the final insult! They don't seem to want to communicate anything to the market though, over 3 months now!
I've always been suspicious of the goings on with this share, today more sells than buys - it goes up but many times vice versa. Regular updates wouldn't go amiss - their PR is atrocious - 3 months now without one. GLA
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