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BigEye
Do you mean Larrygrayson or Sumbawanga or Jogonson? Oh sorry thats the same poster Larrysumbawangajogonsongrayson!!
I think it's in everybody's interest (that haven't already) to read the current available information issues by the company just days ago. Stories are great for 5 year olds !!
Larry loser grayson is just that!!!
Bitter and twisted comes to mind, so to all new investors take no notice of his continued drivel----------it sold out at less than half the current price, so that tells you about his trading empire!
It called certain posters the happy clappy brigade, well it is now the leader of the unhappy clappy brigade and it does'nt hold here!!!!
Draw your own conclusions or read its posting history for a good laugh, but only if you are really bored.
countingcards - I put forward this is being PUMPED/DUMPED on a daily basis, since the shares issues on the 17th May
Look at the share price graph....
By the way, for new posters, the reason I adopt such a certain tone here is purely because I have been absolutely slated by certain “respected” members here for calling out the incompetence and failure of the board over the last year that has seen them take the price from 0.6p (early 2018) to now 0.06p. That’s 10x - the very definition of decimation. Be very careful. The same team are still in charge.
Just to be clear on the below. I imagine there was a meeting at some point that went like this.... “0.02p seems like a good price, bit of a gamble, but there’s money to be made here short term.” “How we going to get the price up in order to get a free ride on these shares and cover our backs?” “I’ll speak to some people.” Maybe I watch too much Line Of Duty but the fact that conversations like this go on is almost impossible to ignore. The most distasteful part is the directors helping themselves to shares at an all time low when they’d probably already paid themselves anyway. Rumpy pumpy dumpy wumpy
The ramp came when the company announced they had secured funding to save them from certain administration on April 29th. The all time low was achieved at some point prior to that just after the abominable RNS on April 1st which effectively confirmed that the management had run the company into the ground. I believe the lowest sale was around 0.018p but the buy price never went below 0.02p and hovered around 0.022-0.025 for a while. On 29th April, it was announced that funding had been acquired in the region of £500K which would effectively dilute the company by roughly half, issuing 2.5 BILLION shares (and I use capitals very sparingly) at the price of 0.02p. Guess what? The directors chose to take their salaries for 2018 retrospectively in shares at the all time low price of 0.02p. So 50% of the company was now held by a small group of 4 people working at 2 institutions as well as the directors. So 50% of the company was effectively sold for £500K after private investors over the last 8 years had ploughed around £11m into the company over which time, the directors bought token amounts of shares but drew large salaries. Those insti investors will now want to offload their shares as they are too exposed here and profit is profit right? But the answer to the question is the massive ramp came at this time. On the back of no real transformational news in terms of moving the coal to power project forward or the coal mine. CTPP is dead-in-the-water and the coal mine is as yet to be proved to be anything different to what it was 2 years ago when their targets were the same. I wonder why the price was ramped. I wonder who is holding the baby now? They are still looking at more than 200% profit so I think they may have their hands hovering over the sell button now.
Sausage
So you are basing your conclusion on an event that happened a lot earlier than the 5 minutes I outlined. You think the day it rose 500% was a ramp as the price went from 0.02p to 0.15p and then settled at a new level where we are now. That's fine, but this is the first time someone has used that period to justify a ramp. What about those all weekend and since who are not using that time but rather the period AFTER 13th June? I want to hear their argument as to why this has been ramped? what set of criteria are they using?
Can anyone accusing this of being ramped kindly explain that the price moved from 0.05-0.06p to 0.055-0.07p just now on ONE SINGLE BUY of 3.8m.
Is that a ramp or an attempt at a pump?
I'm gonna stick my neck out and say the ramp was when it shot up over 600% in a day, then dropped back to close around 400% up, since then it's dropped back to 0.55p. Other than securing funding and massive dilution nothing has changed. The RNSs are still jam tomorrow.
Can you explain to me at what point was there a ramp on this? Was it prior to June 13th? I ask for the following reason.
To class this as a ramp or pump it would have had to be sustained over a period of time. Since the price lay flat at 0.06-0.065p, or roughly around where it is now, then where is the pump?
On the 13th when the last RNS hit, the price moved rapidly in 5 minutes from 0.06-0.065p at 14:11:06 hours to 0.09-0.095p by 14:16:05, OK 1 second short of 5 minutes exactly.
This is such a short time to conclude this was ramped or pumped, as prior to this the price was static and hardly anyone was posting. In that 5 minutes 49.5m shares were bought in whatever denominations. That is a massive amount to be going through the books in such a small time, and hardly enough time to draw breath.
So those accusing this of being ramped or pumped? Are you basing your findings on the current pullback from the 0.09-0.095p area back to exactly or almost where the price was just prior to the RNS. Can you give good reason why you believe it was ramped, since I find it hard to see any cause for a ramp prior to price moving or rampers to have enough time to have acted.
I am looking but not buying just yet.