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I bought some yesterday @ 7.5p
In every transaction, there’s a seller and a buyer.
But there are no buys
Somebody is buying them up...
The price continues to fall on the back of small sales, I can’t see any reasons for them to go up now or in the near future. We really need some positive news for this to recover but am struggling to think what that could be in the next 6 months
Soon to be diluted to oblivion
Sorry fellas that was me..... I needed to release 20k to buy some XRP. I sold at a 60p per share loss.... but I've left 80% of my holding in DFX hoping for a rise or a buy out Some time soon..... I really held off as long as I could, but just had to minimise my risk as nobody has been buying since we got reinstated...... I'm fūcking fùrious at the way we are being treated...... to be honest I want to pull out but with my average buy price at 70p that ain't gonna be anytime soon.
£1800 sells moves the SP down nearly 5% Imagine what will happen if some good news is published.
50% spread -
Need someone sensible running the Book. Must be a trainee MM
Why would there be? They're just drawing down on the loan that the RNS of 2nd October announced so no new news.
I guess this company is seen as a dead duck now then - three hours after an RNS and still no BB posts about it
Agreed, Liquidity is a big issue but the spread is controlled by the MM's , in my view manipulated, if that closed up it would create a bit of demand and speculation
It’s not being manipulated, it’s the liquidity and lack of shares in freefloat. The MMs are restricted as are investors. So when/if we get some good news here, the herd will push this artificially high, at least temporarily.
Didn't really expect to see Defenx top of the Share risers today...No volume to speak of , so all MM manipulation
But yes, you are right, a 17% upwards movement, is not much use when there is a 50% spread.
they are not making much as hardly any trades.
close the spread , id be buying some more
well that's one way to make money as a market maker - I don't think I've ever seen 50% spread before
Would be great but won't be happening.
53p, I'd quadruple my money - I'm not that lucky but maybe start looking for a new Range Rover just in case.
I would love a buyout offer in October but the likelihood of being offered 38p for shares that are currently trading at 8.5p and the highest annual price at which an offer must be made would be 53p, achieved on December 14, 2017, is surely nil.
I understand where you are coming from but not sure I agree at all. If you think there will be a bid at 38p, this month, you should be loading up at less than 10p now.
I agree they have misled shareholders and been under-hand by holding back the accounts. if you think its fraudulent then report them to the FCA.
Although I'm invested, I don't think the directors are conducting themselves professionally also don't think they are very capable.
The share price is all just manipulation by Baccardi Breath and the Board of Accountants... ...he has already cheated us out of £1.50 per share by "delaying" the accounts until now, which is fraudulent. The 27th October is fast approaching before BV tech plan a buy out for DFX. Likely to be at 38p per share....... ruthless... as it shoukd have been £1.70 per share.. but he is a fat whale wanting to eat his small fry. Has anyone got a harpoon I can borrow?
just need the mm's to sort themselves out, nobody will chuck money at this with such a big spread
A week into the reactivation of this share and less than 50 trades done all told. The biggest of them was for ~57,000 shares (or £5K) - most of the deals don't even break the 1000 pounds barrier.
It will be a long wait for the climb uphill if these shares stay this "sticky"
An ounce of good news and this will shift fast.
May as well still be suspended with a 43% spread