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The bid is constantly rising so someone wants these shares.
The trading record and cash burn of this company since IPO has been dire.
At interims to 30 June it had £8 million of net current assets and losses were £35 million in six months. Even worse it burned £75 million of cash as negative working capital unwound leaving it with cash of £32 million.
The current economic scenario isn’t great.
No wonder there are no trade buyers.
Can’t see on FCA website how long it takes to cancel this Takeover process. Maybe today then they can tomorrow or November register formal admin.
Running out of options time wise.
Good morning Neil. Did as I said a would and let mine go at a small profit. Will be keeping a eye. Gla.
No suspension, something brewing. Added a small amount could easily jump here. Total gamble though
There was an article in the Mailonline yesterday but it didn't mention that specifically
Main headline on Google is Made.com goes into administration but no actual article about the fact it has.
Watch this rocket today with no suspension.
Can anybody buy ?
That’s why there was a seven million buy. They knew. Cheeky
Are you deluded - the news releases they have issued this week scream administration and suspension.
They could use them as a dummies guide on when not to buy a stock.
Shorts will close
Institutions will buy
Directors will buy
See you on the other side
Jlp yep and they will buy so big they have to put in a offer. Gla.
There were plenty yesterday.
Once the directors buys are announced this is heading well over 2p
Definitely something happening
Looks like they'll look to refinance instead?
Directors buys next
It’s would be so easy to suspend, there’s a huge reason it’s not
Protecting shareholders in black and white again
This could move up 100-200% today
Good luck King
Get our wirh some profit at some point today and don't get too greedy today.
Best of luck all ans I hope you get the timings right and make a few quid
They said they are trying to get value for shareholders in the last rns
It could do. And suspended at 7.30am and that's the end of it.
But if FSP is still continuing like the RNS said then there's a chance of a deal of some sort still happening.
If it doesn't suspend and opens trading at 8am then expect potentially a 100% rise
Not for widows and orphans
Are you actually stupid? Anyone ramping here is an absolute disgrace. The share is going to admin, don’t even think about buying more. It’ll be bust at 7am tomorrow.
Good read.
A few things in article, I think it highlights if it goes to admin the new buyer can start afresh. Eve is a good example, not sure how those shareholders are getting on after a couple of weeks. May have to check out.
MADE Not quite up there amongst the worst fallers ever though
Those were during the dot.com bubble when MicroStrategy held everything going bump and saw over 13billion in shareholders value wiped out in a flash.
Their chart back then is the biggest spike ever seen on the markets and they hold the dubious record for seeing that particular value destruction.
I keep any eye on them still as Michael Saylor is at it again and has gambled big on Bitcoin and purchased just shy of 4billion of BTC at an average price of $30k
They are presently underwater at 2.58bn market cap.
Apparently they face a margin call if BTC falls below $17k
All guesswork, but I suspect that a large number of whales could also get margin called around that level as plenty would have geared up to around 25%+ to release cash from the recent peaks so watch those levels I'd BTC breaks back below $20k as if it falls below $17k would trigger mass selling imo and maybe why recent support has come in around $20k