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If that happened dealer they will have properly screwed up the IPO. The company wasn't valued at much - 15.6M at current levels of shares. So opening at half that would be a failure considering everything, but say they did open at 1.32p, there would still be sells as something is better than nothing.
I’m pretty sure you are correct. They may open it so low that nobody will sell.
It will happen with news Dealer. Won't matter what news or what the SP is, coming back to market after so long will result in sells. A good chunk of people will want their money back, some if not all of it.
The company can't use that as an excuse to hide forever, a they won't be able to stop it, they could come back at £1 a share and the sell volume will be huge as everyone will be in massive profit. They can come back at 1p and sells will still fly in as getting something back is better than a total loss.
Day 1 will be heavy selling, at least the first hour or so. Then the traders will come and trade the bounce.
Relist
They need to resist with news or that will happen. For me I’ve written this off so won’t sell on relisting.
Also Djryan777 will return for a quick pump n dump lol ;)
There will be an exodus on listing day BA. Make no doubts about that.
Doesn't matter what price it comes at, higher or lower than the close at suspension, sells will fly in. Then after it drops in come the traders to trade the bounce.
Can see it all now
Hope they find an experienced Crowd Funding Marketing person
Let’s suppose 3 months Crowd Funding
and hope we sell Finnish interests in those 3 months
That could help towards relisting
Without substantial gain
That btw is APP download numbers
There could be an exodus on relisting day
Agreed - funding is key & a successful crowdfund would be a game-changer!
Crowd fund will be telling. If there is a good appetite for the crowdfund then they should be able to IPO.
Though let's face it, any old ****e gets an aim listing, so I'm sure they could pump out tally. What price would be the question.
Don't know quite how they're going to swing it, but hopefully you're right Deano!
:-)
I think there will be a relist, though not convinced it will be May 2020. But at one point there will be as MJ will want to flip his shares and take his money back.
To be honest, I'm yet to be convinced there will be a relist.
While I sincerely hope that they are successful, based on pitiful performance to date I would say the odds are regrettably very much stacked against them.
That said, miracles do happen!
What price do folk this will relist at ?