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Let’s see what they say on Tuesday. 11 am be there online(-:
The thing I dont get is that ultimately that behaviour just drives the SP down...... so why would a company purposely let these buyers take part in placings if they know the MO is to trash the share price even when the pacing was likely distressed. Mr 30% would not really be wanting in if that was the ultimate outcome ... that his 30% would be a lot less than the £5M he threw in...... I get the short term gains by the placees.... but ultimately it just destroys companies that might actually have some value...... Whole way AIM works is poor, but the Market sheriff don't seem to care much.......B
just glad i never bought this pile of****** @£5!
I did record the 10k, 25k and 50k repeat block selling at 80p 70p - 60p and as there was no holding rns I had a good idea what might be happening. Also one of the market makers was happy to take on huge amount of stock knowing full well shareholders would be crucified in a few months following. Illegal and rife on aim. Let hope Loop can deliver now
I have heard that before where shares sell well below a placement even when that placement was at an all time low… would make sense if you happen to have sold those shares in advance at a much higher price and averaged down with those underwater shares you eventually have to buy at the placement price. As you say, it’s illegal but who cares on aim
I reckon they’ll still be some selling pressure from forward sold fraudulent placing that took place at 25p. We know for months that they’ve been forward sold shares without any holding RNS and even if they sell some below the price in price their average will be quite a bit higher than 25p. I’m hoping for some positivity next Tuesday morning. Going to make an effort to dial in for it.
JTD.... maybe..... considering Steve F was supposed to have is own personal wealth at stake..... he has already watched 90% of it disappear in 12 months........ could be in a council house by next week if he isn't careful...... He kinda bragged to me that he started this business 13 years ago [or something like that]..... not sure taking a £100M plus business public and spending shareholder money on a company for £60M and then having to get the begging bowl out at 25p to buy another one would be considered a success story........I am sure he is learning the hard way....... some bloke owning a tad under 30% of the enlarged company plus other sticky holders should [in theory] stop constant trading but the share movement here has always mystified us... especially that fateful Nov TU when the floodgates opened.....B
There will be some speculators who will have bought in on the Primary Bid offering who are chickening out or commercial entities who are also quitting because that's what they always do if they don't get their expected premium at the outset and are simply chasing every new thing that comes along.
WRT shorts the chances all shorts a closed is pretty remote, they will still be trying to make money and create a narrative.
Who's to say shorters didn't buy shares in the placing and will not short initially even against their own position - to take profit from the movement down and up - "create a narrative " . If you chuck a hundred thousand in today in order to make profit of a couple of million next week, it' good business.
What I'm saying is - there are loads of possibilities, and IMO it's best not to read anything into things at this stage - it really doesn't matter now.
So essentially, I get back to what I said earlier we may have to wait a while until support (or not) becomes clear and the manipulators back off.
There are also those that need to tail swallow to finance their position - again they'll be disappointed if they stuck their neck out in support of Loopup - the CEO's and BoD in general have a lot to answer for but unfortunately they are benefitting from their failures - the standard outcome on AIM, they rarely pay for their failing, shareholders do.
The thing is...they may well waffle on about " the need for investment in order to take advantage of opportunities" ...and...the ever growing.,...but always distant pipeline
This like a Club Chairman looking at his manager's possible final game ... either they get a win ..or its looking like a BOD change ....
This has to go down well..or...else....the curtain is coming down on this shows run....
stew......... can they not wait for this one to be closed first?............lol....might be mad, but bought a cheeky few to average down @23.7p.........B
Working on the next insider selling for the next insider placing.
Confusing when you see big sells at 100k and 50k @ 23p....... they are at a loss because they are lower than the placement and are near all time lows....... cannot be shorting again after closing..... or what other reasons [apart from needing the cash] would you let go now.......B
I think the CEO's presentation could be a complete non- event as from what I've seen he is completely underwhelming as a presenter.
However, I also believe the SP will start to move freely after the event. Whilst many of us chase our loses I suspect the inner circle will profit handsomely in the coming months.
Though trust has been shattered by a disgraceful act of treachery, the upward movement will be irresistible if they deliver anything like the new business that they claim they are set to do. Post capital raise the company is a different beast, with the capital structure in place to progress their plans to fruition and they will also have demonstrated the support of key shareholders.
I am not voting my shares, because like it or not there is no option but support (or in my case surrender my right to vote) as a rejection would result in the directors and their mates exacting severe retribution on shareholders IMO.
I always expected the SP weakness and it may persist for a week or two yet, but as the SP bares no relationship to the business value as a going concern in a high growth sector - so I'm just going to sit tight into 2022 when there will be clarity.