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eriesy62
You would think that in 20019 accurate honest figures would be a prerequisite. Sadly this market couldn't function with honesty!!
aerial cant be sure because it is the aim market, the buys around 3.15 were probably sells. Large drop in buy and sell prices may be the clue, good old market makers.
SheerClass
Something of the likes that I have never seen caused it? I can only say that I am extremely disappointed, as this was looking to be a pretty rapid success. Hopefully it still will be, but the bods silence has tarnished sentiment imo This can turn around in no time at all with the right news, but it needs to be something special.
I wonder their reaction to this situation? and why do companies watch their value plummet and fail to address it? Very disrespectful to the people the kept them afloat, as a releasing a steadying RNS would have been the correct thing to do.
All imo
@Aerial, there must be a very large delayed sell which hasn’t been printed yet which has forced the price down. I’ve followed this since the summer, bought and sold on the spike over 4p, thought I’d take a step back and wait for the half year results which turned out to include a placing at 2p (lucky escape).
I was baffled that they only raised £600k gross at an 18% discount when half year cash burn was £1m. They did state at the time that it was a small placing and that more funding would be required in due course, but I didn’t understand giving such a large discount for a tiny placing - surely they would have known what their cash runway was at the start of 2019 so they could raise a decent amount of cash at 3p+?
Communication has also been shocking, literally dead since the placing in September. Sorry to long term holders, if they raise more at this level then it’s an awful long was back to 3/4p.
I added a cheap 25k just before close.
I have never seen anything as strange as today in all my years of investing ????
Buys rolling in until the bell. I wish i had the spare cash i had last year I would definitely be buying more.
Whippetout
That we are very close to 1p
Something went wrong!
You can't have £60k buys and £3k Sells and be down 23.44% ????
What is the L2 platform saying Aerial?
I'm laughing my arse off at the trades. I'm loosing money but this week feels like a lesson learned for me. 4million bought. Half a million sold today and we're down 20%. hahahahaha, how broken is AIM?
I'm not panicking though, if somebody is buying those insane values they have faith that the share will rise again. Only other thing to point out is that the company has liquidity worth £3.5m ish plus cash of around £1m so net worth £4.5m. If they drop below 1.1p(ish) they are theoretically undervalued.
Buys 20/1
That cannot happen??