The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Well said Magic,yes all participates of the .0275p placing and Stephen is almost certainly one of them are netting themselves an easy 50% profit every time a mug punter buys in here @ .04p .
FACT.
RGM biggest asset is an electrical socket point somewhere in Liverpool which doesnt work cos someone has stolen the copper wire out of it.
threeputt - "Huge effort being made here to stop people buying."
Really? People are totally free to buy as they wish. Highlighting the truth of the current situation is just information that helps people make a more informed decision surely?
On a side why do you care ? Is there some reason you want or need people to buy ? ? ?
Can you hand on heart advise people to buy here at current premium prices when the company has just released an RNS stating they are going to issue 7 BILLION shares at the discounted price of 0.0275p, esp when there are only 1.5 billion currently in issue?
Nothing changes. The brokers, cronies and ramp squads think the rest of us are complete idiots. I'm certainly not.
Thanks for the offer but No thanks, I don't want to buy any of your uber cheap 0.0275p placing shares for 0.04p
I'd consider myself utterly stupid to give you such a free and easy profit at my expense.
Cheers now
Get a life? Get over it?
Have a lovely evening.
Threeput: "Huge effort being made here to stop people buying. Wonder why........... !"
......
Yes that's it blame RGM thread posters from preventing you from buying today. Yes it's our fault the stock exchange closed this Saturday.
Huge effort being made here to stop people buying.
Wonder why........... !
It's always the same Zumore.
There has to be some fantastic fabricated nonsense of "jam tomorrow" rises to get the naïve mugpunters to by placing shares at a premium. Just more reasons for me personally to stay very well clear here. The only winners imo are the BOD and the placees who generally make a quick easy profit at the expense of the less savvy. No question that the proposals will be voted through imo. The large holders will imo be privileged placees getting shares at the bucket price of 0.0275p.
Why wouldn't they vote for that ??! Longer term holders who are not placees get to see their holdings massively diluted.
It's just a system reset imo. The old holders become utterly irrelevant and the usual combination of placees, brokers, ramp squads etc will play the share for the coming years as the confetti reigns down. Issue confetti, destroy share price, pop in a share consolidation to make the SP look decent again, rinse, repeat. This has already been the history of RGM, it's happening all over again imo.
I'm sure that most are well used to RRR and RGM by now and are not fooled by the typical placing cycles and pump and dumps. If you're not getting shares at 0.0275p here then pointless being involved imo. Happy to stay well clear of this.
DYOR
Mr Magic:. "One of the largest holders here has said that he believes we are seeing forward selling of placing shares. That's all one needs to know imo."
......
Mr magic, there is actually an attempted ramp on twitter these past days. They have been saying because a lot of forward selling has been happening. The big RGM shareholders should make out they will block the new resolutions which will may make the forward sellers panic and they then may scramble to buy those tens of millions of forward sold shares back (on the open market) which should create a short squeeze and therefore rocket this share price.
Now at present that ramp doesn't seem to be working. I don't think it will work because I'm quite sure all those large RGM holders from Pearce, Lundy, Topham, Staten, Neil Howell (or Luke1) will all vote for the passing of the new resolutions.
Though just lately Stephen Pearce has been making out he now might not vote for them. I'm sure he's fibbing and he'll vote for them.