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Genuine question - I'm not trying to troll etc. Why is this still listed if they have now RNSd to say its game over for shareholders? Where is the even 1% chance of shareholder value here? and finally, why isn't every man and his dog trying to sell their shares regardless of the low price and massive spread?
It's a fair question mate.
All these shares keep going until they are suspended ot the delisting date is set.
The MMs know money can be made so they keep and you see some crazy spikes on people gambling.
This one seems dead though with the spread so high
Sorry the delisting date arrives not is set.
Even when you have a definite date to delist they can still do 100% spike
Huge spread again here, MM's killing this.
Agree with you Reardon. The spread is large and not looking good for the future. That said I have bought and sold Amigo 6 times now because although they are in a wind down process the share price is bouncing all over the place. I hope this does the same.
Amigo never had this ridiculous spread that seems to be getting worse
Yes.....the spread is just crazy here.
Euston I am the same, but with ITSARM. Spread not so bad over there but hasn't moved much in the last couple of weeks...Good luck here
Nice bounce here this morning, spread is ridiculous!
Wow 2 700 quid sales moved the sale price from 0.75p to 0.55p basically 30% lower.
I wonder if news about the delisting is about a date for proposed delisting will land.
If so I'd expect another 30 or 40% drop that morning but if the spread stays around 20% advertised [so about 12% really.. It may see a spike or 2 before the end.
It's currently 0.758p to buy but my advice would be to wait for the delisting RNS
All IMO
Sorry 0.0758p etc etc.. I missed off a zero
One more day of trading here then, big sell off predicted tomorrow!
Thank god I didn't touch this one Reardon95 .
I was offered 0.071p yesterday and I may have gone for it had the spread not been about 66% and ot was
0.051p to sell.
It was then back to 0.080p this morning to buy and 100% spread. A complete joke
I feel sorry for whoever paid that 0.080p with a 4 grand buy. More money than sense with the way this spread was and then 3 hours later they dropped the delisting RNS
Mazik, DND & Lporter - are you guys still buying ?
1st time for everything ey
Neil777, thanks for the replies. I still dont understand why anyone would buy even 1 share in a company that is bankrupt and about to delist? Why would/should there be any spike at all?
I totally get the gambler philosophy what exact scenario are they gambling on.
I'm annoyed i didn't short this (didn't even check if it was possible) when the RNS came out but just too concerned id misunderstood something
HallsWorthy
Your welcome.
I have for sometime now followed all these distressed shares that are about to go bankrupt/delist etc and if the spread is low enough (this one was ridiculous, and could never be traded) people will have a gamble.
They don't gamble because they believe the company will come good, its already over, they gamble in the hope someone else will gamble then another and another and you can make an easy 20%.
The key points are;
1] Study the latest RNS and follow them carfully
2]Buy at the year low( it's hard to get it right but if you do you know no-one before you has a lower price
3] don't get greedy. Take a good 20% profit
4] be very mindful of the spread. And watch it over a few days if it stays around 33 - 66% forget about it.
5] keep an eye on the volume.. Big volume early in the morning compared to a company average means it could be a good spike
If there is a half decent RNS before the end of the company these shares, like MEAL, ITS, Moorses Club and more recognisable names like Amigo and Cineworld can make you good money.
Finally I'll add as more and more of these distressed shares have these 100:% spikes more people notice and they get involved in the next gamble, thus adding more chance of a spike as more people get involved.
It's basically a pyramid scheme/gamble and Warren Buffet would have a heart attack at this kind of behaviour but if your savvy enough you can do OK.
Has to be better ways to make +20% on your capital than investing in turds.
More likely to lose 100% here, what a thrill.
Well firstly you can't invest/trade here as its delisting tomorrow so already a pathetic comment you made.
Secondly this is not long term ftse100 investing its day trading!!
Thirdly if you read my comments I said NSF wasn't worth even trading because off the spread
Finally making 20% profit for a few hours work on a couple of grand is brilliant when you do pick the correct distressed share. I've made 100% plus a few times.
Read a thread properly before you comment...Now f c u k off back to Amigo
I agree that distressed shares offer great opportunities to make fast money at very high risk, This woman slightly different as they specifically said there was no outcome that was good for shareholders. There was no long shot or white knight potential, just a guaranteed failure. Just amazed people weren't selling everything they had down to 0.0000010p
True but then again CINE and AMiGO have stated exactly the same and AMIGO did nearly 500% 1 day!
I agree it's hard to understand and I don't get it too.. but if you can't beat em!!!
Neil. They sound like the bitter words of someone who done his nut on NSF.
Better luck on the next one lad
Eventual outcome very well known in advance.
I wonder who were those holders ending up with any shares of no value and even what was the reason for buying these last days..
Hmmm just type what ever sh ite comes to mind and ignore the truth hey 2reicarnated!!
Never had a penny in this 1 as my posting history shows.
The spread always made it untradeable, admittedly thank god.
My history shows all my buys and sells etc!
Have you ever actually put a penny in a stock yet 2reicarnated?. Doesn't read like you have LAD!
Yuri absolute madness to buy here with that spread I agree.
Someone bough 4.7k worth about 3 hours before the delisting RNS!