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Harry. Glad your also invested but you don't like being questioned, do you.
You came here out of the blue to put up a series of posts clearly saying this stock holds no upsides and asking people if they're "High" 'cos they disagree with you so, quite frankly, questions about your agenda needed to be asked.
Why knock a share you're invested in? Why try putting a nasty spin on those who successfully funded this company taking their initial stakes out, taking a profit and enjoying a free ride from here forwards. They took the risk, they get the reward. Have you never de-risked, taken a free ride in profit and lifted your own cash off the table to use elsewhere? Exactly - so why are you knocking them for doing it?
There are buyers for all the sells; that's what makes a market. If the big boys without warrants want bulk at 0.25p and no-ones selling then the MMs will bring it down to flush out the flaky traders. They make their margin anyway. Why pay 0.35p if you can get it for 0.25p? But why pay even 0.25p if you can turn up on a BB and deramp the stock in the vain hope of driving it lower so you can top up more cheaply, eh? No chance. You'll need a few million quid and a special invite to play that game with the big boys.
MM's been fishing for stop losses so I guess they're looking for stock. They tried a flash drop from 0.27 to 0.25 and straight back to 0.27 at 13:51 on the strength of a £600 sell. Doesn't look they caught much.
Yes it would make sense for them to be selling, as that would be a logical investment decision. If they participated in the placing at GBP0.001975 then anything between that and GBP0.003 represents a fantastic return as well as recouping the initial investment. I'd expect the price during this period to drift between the placing price and the warrant price (due to supply and demand/rumours). If the share price does shoot up as news emerges they have the option to subscribe at GBP0.003. So they're not missing out on any potential massive gains! They just don't need to run the risk of losing 50% or indeed all of their initial investment.
I can't imagine anyone serious about making (or keeping hold of) their money would go about it any other way - it's much harder to make money if you don't have any. I guess there are scenarios where they are more or less confident of a deal - maybe they'll hold once they've made back their initial investment for a free-roll, but nothing is certain and it's not really a risk they need to take.
HarryCaul, as we know there are the 'big boys', being discussed on this thread. That is not to say others do not want in, this is a fluid, no-one is sure what this will turn into, who the BoD are having discussions with. My point being there could be and we would hope so other larger share holders who want to hold, due to these possible new discussions. I think its natural to assume if that is the case the MM's will bring the price down to fill X order, or bring it down to attact new investers (as over the last 3/4 weeks) so the sellers can keep selling out. Even if there are no orders to fill, you need buyers, no news, its natural the price will drift downwards but the process remains the same.
Thank you earache, these types of informed reasonings from yourself are most welcome, rather than throw away comments meant to cause panic. Fed up with the way they infect the boards atm and prey on ppls fears.
*professional insiders* meaning people like Potts and Edwards don't throw £200k into a blind hole.
Incidentally, today's buy/sell ratio is at 2:1 yet we're down 10% on the day and over 20% on the week. Maybe the MM's, as I suggested, are taking it down to let more big boys in. If so, this is definitely not going to end up at zero, imo.
".... Mr Potts and Mr Edwards have flooded the market with millions of shares ...." Check the RNS's and then we can be specific. Potts dripped 45m into the market ending 25th March when he still held another 45m or 2.5%. Edwards sold down in the same to go below 3% on 9th April. We don't know what each of them hold now but with 1.8bn shares in issue and a gentle sp decline to 0.25p on 25th March and a steady rise from a low of 0.215p on 1st April to 0.248p on 9th April then that's hardly "flooding the market". Nor, as is obvious from those real figures, did they sell at "north of 0.3p" as you claim - so who's talking nonsense?
During that same time frame it appears one or two others were accumulating similar size holdings to Potts and Edwards original stakes with market reported buys of 90m and 40m, and Potts and Edwards still have one-for-one warrants at 0.3p on their initial holdings. You're right in saying "they're no fools" but wrong in claiming "if they thought these were heading for 2-3p for instance, they wouldn't be selling down here would they?"
None of us know what's being backed into here or when, so no-one knows the timescales over which the sp might reach 2-3p or 5-6p for that matter but as professional insiders you can be damned sure it's not going to zero.
So back to my first question and what are you getting at with these first posts out of the blue?
I'm not trying to influence anybody one way or the other.
What I am saying is your previous comment of 'They will probably be buying now' when Mr Potts and Mr Edwards have flooded the market with millions of shares from the placing at 0.001975 is beyond nonsense. It makes no sense whatsoever.
They are professional investors, who take stakes and participate in corporate placings. They will not be sat on their laptops, buying 250k here and there, and dreaming of great riches.
Harry, they could be just juggling cash between investments. If was as bad as that surely they would have sold a greater chunk of their holding/s and let’s face it they still have hefty chunk of shares after a small sell off.
It all depends whether or not they've finished buying. If they've still got another, say, 60m on order the RNS can be held until the order's complete. If the sp gets taken down again as before then it might suggest there's more big buys waiting in the background.