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Ad-meliora,
My thoughts exactly. I really hope they get the frustration from us and get a grip. I have also messaged Darcy Taylor directly via LinkedIn. I will let you know what he says if he comes back to me. I have also sent a really strong message to the sh**t show called IR. Lets' see what they say?
The infamous market makers is the reason Ad-mel
If us bunch of clowns on here know the results are going to be bad at the end of this month, they obviously will, they will not want to have masses of these shares on their books when the results are published
They also know a large holder is dumping 500,000 shares per day which they can pick up on the cheap
They have zero commitment to buy or sell shares above the 30,000 EMS minimum
They are more inclined to sell shares ( a buy to us ) than buy them ( a sell to us ) as they know they can pick up the 500,000 on the cheap, hence more buys than sells but the price keeps declining.
There are only 7 market makers on this share, they need private investors to keeping buying off them or they will not buy off us, the process will then grind to a halt and stop, thats why you see many small cap companys who's share price never seems to move, zero liquidity
if that makes any sense
Ad-meliora
I think the main reason is a total lack of confidence in whats happening. We have no idea where we are up to or whats planned. Just a vague outline but nothing further. The lack of contact and updates is beyond frustrating. We need an update and plan for going forward. We need the confidence that CG have a clear plan and money to execute it, the rest will follow. We know products are coming and plenty is in the pipeline, but how long is the pipeline?
Anything positive at the moment would go a very long way, to say nothing is the default currently and thats just not good enough?
Nice bit of buying at the end today ... totally stuffed by the daily 500k after hours sell though ... thats 8mill now?
These trades are flagged as NPFT on the LSE site (Non-price forming trades) which I've come across before on other investments but never really got to the bottom of.
It seems like there's multiple reasons for a trade to be flagged that way, including but not limited to employee incentive plans. Page 25 onwards of this link will give you a few options:
https://www.esma.europa.eu/sites/default/files/library/esma70-156-4236_consultation_paper_on_the_review_of_rts_1_and_2.pdf
The thing is, us mere mortal PI's are never really meant to know what goes on behind the scenes.
I would say even 15days or so, I remember the same pattern back then.
Can anyone go back and see how many days this has been going on for?
It’s been the last 4 days at least?
My guess, all those last 3 trades for 900k shares was the same person.
Who sell 500k every day when market close?