People are paying over twice what professional intitutional investors were prepared to pay. This is madness. Add to that the results which shows they have been going backwards not forwards as promised in previous RNS.
Why are people buying this right now ? If the private instis wouldnt come onboard at anything higher than 4.2p then thats what its worth 4.2p. They clearly had trouble raising the funds in the current climate which is not surprising. 4.2p was the most they were willing to come in at so thats where this is valued and set at. I would wait and allow the dust to settle buying now is lunacy in my opinion. I have held Pinn from years back but sold when it rose to 15p recently but still at a loss for me.
Looks like double standards pal. tut tut. it appears back in December you were a naughty little bull but your now the innocent little lamb? running from the big bad wolf? tut tut.
cityal60 ‏@cityal60 7 Dec 2015
#PINN mentioned on 2nd and 3rd Dec @ below 7p.... today 9/9.50p... this is just the start..accumulate on weakness.
cityal60 (@cityal60) | Twitter twitter.com The latest Tweets from cityal60 (@cityal60). Part time investor shares some of his stock choices in small and mid cap quoted companies, educational and fun, not meant ...
9 Dec 2015 #PINN keeps on goin..no one wants to sell..10p this afternoon...this just the start of a long uptrend...mark my words..just do the research.
I made a call based on what was out there son. I stand by it. They placed at 4.2p having done the previous at 6.5p premium at the time? how was I or anyone meant to know that would happen? there was no reason for that other than greed and the desire to line eachothers pockets. Incidently, the share price is still higher than when I said it was a buy @ 5.88p. I also made my position clear back in december.
agree with you KORG, when he was challenged he was very explosive and seemed to be on a mission? would not think he is holding now, everything I dislike about AIM, really have to have wits about one when investing in the likes of these companies.
Subject to the successful completion of the Bookbuild the Company intends to launch an Open Offer to raise up to £0.25 million at the Placing Price. If the Bookbuild does not conclude for any reason the Open Offer will not proceed. If the Open Offer does proceed the ex-entitlement date for the Open Offer will be 22 January 2016 and therefore any investor acquiring shares after this date will not be entitled to participate in the Open Offer. The basis of the Open Offer, should it proceed, would be 1 Open Offer Share for every 10 Existing Ordinary Shares. If the Open Offer does proceed then the proposed timetable for the Open Offer can be found at Appendix III of this announcement.
buyers thinking that 7 or 8p is a bargain should really sit down and do some research, placing at 4.2p means that finance was raised at that level so why would anyone think the company is valued at anymore, more importantly your buying could be feeding those offloading early any of the shares they have pricked up really cheap, this placing in my view is at an immense discount to present sp and to think how high the sp went recently, some genuine investors are probably suffering some heavy losses with no option than to hold for the future, very annoying to see this happen.
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