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Not only is there a major auction on 6th July [Rhodesia etc], but the new Showpiece offering is about to commence this week.
Neither look bad for SG's coffers......
NFT market is collapsing with sales down more than 87% from it's ATH!
ZeroHedges advice, get clip art instead. It will often be free LOL
https://www.zerohedge.com/news/2022-06-28/nft-market-collapsing-sales-down-more-87-its-ath
Even those bored apes have crashed 50%
SGI > 0.5p
Even Pearls has given up.
With so many great FTSE companies at rock bottom prices, why people choose to invest in illiquid penny stocks on aim at a time like this is beyond me. Why take such risks? Ordinarily you could argue it's difficult to find undervalued stocks on the FTSE 350, hence why you have to look to aim for such opportunities. But right now, the FTSE 350 is littered with bargains - you're spoilt for choice! Passing by such opportunities in favour of high risk aim shares is the definition of madness.
"SGI reached an all-time LOW yesterday at 1.2 PENCE.
Down -10% this morning, if it closes weak at the end of day it might just beat that record next week.
Pearls
Posts: 4,539
Price: 33.50
No Opinion
The effects of inflation - even the costs of buying old stamps are now rising sharply.
Peals, thanks for posting that on another share BB. Even Pearls is worried about SGI now.
posting on ARB board, SGI will hit new lows soon, too much debt now so any money will go to Phoenix, nothing for shareholders, karma for Pearls.
It’s all self-explanatory anyway.
SGI reached an all-time LOW yesterday at 1.2 PENCE.
That does not occur with Red Hot shares. :-)
Pearls
Posts: 4,536
Price: 1.40
Strong Buy
Devon - where are you?Fri 16:27
Non stop comments when the price is dropping, but when it rises you are nowhere to be seen?
And where are the other doom mongers?
Sounds to me like it's not going to plan for you....
Pearls, maybe you take a leaf out of your own book, walk your talk and not be one of the doom mongers currently posting on ARB and other boards!
Classic nonsense from Pearls "Sounds to me like it's not going to plan for you..."
- 50% loss over 12m months and with a enormous 33% spread and "it's not going to plan" for those wise enough to give this one a miss. LOL
That's why this remains the funniest thread on the site hahahaha ;)
You get these abhorations with penny stock, 33% spread LOL, but the algo never lies. 0.5p still looks about the right price.
"Sounds to me like it's not going to plan for you..." LOL says the person who thought we'd be at 20p by last December. Classic stuff.
Only on the face of it, since the asking price is 1.6p now… which it is what it is.
The rise is illusory with such a massive spread
Let's hope, Pearls, that one of those few bounces will have a permanent nature.
Non stop comments when the price is dropping, but when it rises you are nowhere to be seen?
And where are the other doom mongers?
Sounds to me like it's not going to plan for you....
Down to 1.26 PENCE yesterday (not 1.2 pounds as it was not long back!)
We then will have a true PENNY STOCK any day.
One or 2 here, (quite likely SG staffers) will chime in, right on cue, that is a 'GOLDEN BUYING OPPORTUNITY'. And that 'there were 6 people in the store today - things are really looking up'.
To the rest of the real world, it simply heralds the death throes of a stock that was several QUID a share until totally hopeless Management were appointed.
We've reached the inflection point, that moment when the delusional bulls realize....it's slipping away...maybe we can save the day by throwing insults about. Never works.
Next they'll throw their hands up in despair, throw the towel in and sell. Driving us quicker to the final destination....0.5p.
It's the next leg down into the valley of despair LOL But we might, just might, bounce off 0.5p
"The Directors believe there is a material uncertainty relating to the Group's position as a going concern."
If a company is technically insolvent but being supported by the directors or major shareholders, because they are confident of it's future potential, the directors are legally bound to include the above statement in their report.
You are a very sad case.
You are a very sad case.
"Doom mongers alert, doom mongers alert"
- stock opens (-7.69%), bid price now just 1p
"Flashing up again as SELL in my algo, if it does that for a couple of days then there's usually a steep sell off. Heading towards sub 1p this week?"
....don't say I didn't warn you AGAIN LOL
My algo still suggests sub 1p this week, my expectation is still 0.5p, still a few days to go (get out) ;)
Doom mongers alert, doom mongers alert
Advance warning SGI is not trading in the black Devon, and a very wide Spread too.
Flashing up again as SELL in my algo, if it does that for a couple of days then there's usually a steep sell off. Heading towards sub 1p this week?
Wow! A whole 9 LOL
Good idea Pearls, level down again....well, you've become expert at that. You must be 50% since you last talked about doing that. Why not just wait for the on coming 0.5p?
Groups profitability? What profits, they can't even service their debt, or at the Directors put it:
"the Directors believe there is a material uncertainty relating to the Group's position as a going concern. ". ;)
I'm sorry Devon but you should follow the Showpiece site more closely. The number of fractions on there for sale changes all the time. Currently there were three, an hour or two ago there were nine, it is clearly moving around a lot but the site has only just opened so expect initial variance.
As regards the 1c, that won't go on sale on this secondary marketplace until SG have sold whatever amount they want to sell of it at the full price first. It is likely to be an annual money spinner for them combined with the growing commissions from the sales of the fractions on Showpiece.
If anything, this is tipping me to at last buying more shares, it is obvious this will be a good thing for the group's overall trading and profitability going forward.