I wouldn't call today a flop, it was never going to rocket on the back of the AGM Yes vote as this was already factored in but had the no voters succeeded then we would have dropped very quickly IMHO. Why anyone would vote no to these resolutions though is beyond me.
Looking at the chart, our support @ 2.15 looks strong, not even being tested at the moment, Paraboloic SAR still very bullish and that Golden Cross is fractions away (if like me you are looking for the EMA GC). We are now well set up for news to come, next week could well be a the start of it. As was mentioned earlier, releasing any news today would look contrived and too stage managed.
The SP is up circa 200% in the last 2 months on the back of when that news was released and they knew how many shares would be in issue at that point also!
The market doesn’t have a problem with it, shares in circulation in itself isn’t a massive problem, REM for example are enjoying a good time with 5 Billion in circulation. So in summary, the market doesn’t see it as an issue why would we?
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