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Free Float must be on the dececrease and I wonder how many small investors are buying in. Barry Boy looks as if he is picking up any stock that comes on the market. No doubt MMs are accumulating for his order.
baz, you are far from alone in what you see, been here on the quiet for a long while myself now from the bottom.
All the best.
Barry Boy continues to add. And you don't do that if you want to lose money. Something will break at some stage.
I was invested some time ago but came out as I felt the future looked a bit uncertain and probably continues to be so. However I am now a little bit interested and may dip in again. There are a couple of large corporate holders and some other individual holders above the 3%. The business needs cash but it looks clean and interestingly Barry Reynolds has been building a stake over the past few weeks and now has more than 8%. Why? None of the parties would like to lose their money so I see either a cash injection to assist the on going business, a reverse of one of the corporate holders into it or a sale of assets to one of the corporates to leave a cash shell. And perhaps BR may be interested in taking it forward.
Any thoughts?
My my!
Such defensive cynicism.
I had a few in here and sold today and posted what I see as important in the RNS.
Thank you for your concerns and anyone I have spoken to I have highlighted the risks.
I also know funding offers are available, all the best on your investments and its great you are looking around the boards warning people.
Keep up the good work plenty of other companies to post snippets of the final results saying pretty much the same thing.
Baz, I can see you're getting in deeper here and hoping for a multibagger..
But the reality of NAK's situation is precarious to say the least, and the salient part of that RNS to me is:
"uncertainty to continue throughout 2020 and trading activity at all of the Group's businesses will continue to be affected in a negative way. As the various government support schemes are ended the Group will face a number of trading and cashflow challenges and without access to additional capital the Group's working capital situation may deteriorate."
They also allude to reduced volume of trading across the board.
I appreciate you're trying to ramp it up, but any potential investors should weigh up the reality.
I had a few quids worth but got out today.
Good luck though
10m rev
300k cash
600k mkt cap
In the right area tech
https://twitter.com/Bazreynolds9707/status/1308064311206711303?s=19