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So we’re still pushing higher despite all these sells.
Must be a hefty buy coming through, question is- Who and why?
Someone who believes the rationale for delisting and thinks these were dirt cheap and undervalued at .35p let alone at .17p
The rationale for me would be that if these guys deliver and there is very little room to doubt they will not, then there are a few larger players who will have no issue tying up cash for between a few months to maybe 4 years in the knowledge they will be returning multiples after that time, either through another relisting or OCTP getting bought out. There is a lot of exchange of stock going on at these level right now. Distressed sellers V buyers who want to maximise potential profits and get as much as they can cheap today. As we get closer and closer to D day the fun will begin to gain traction. I cannot see it closing at these level but more post placing of 0.5p and above.
There large buys (even 6m) are very small (10-11k) … hardly significant in the scheme of things 🤔
Wins are only letting the buyer get what they take in sales so they got 5 mil today and gave it to their buyer at almost 0.19p had their been 20 mil of sales I'm sure there would have been a 20 mil buy after the close. Question is will Wins have to push to 0.2p or more to get the size the buyer might want ?
Word is out Wins, if people stop selling scrappy amounts they cannot fill their order and then this goes in the 0.2's like all other delisting stocks it's going to have a pre delist spike, already has to some extent from 0.11p low bid to 0.18p
It's happening Wins take out a mm with a 250k and the other one gets the hint and moves up and Wins instantly go 0.19p bid, not enough selling so higher it goes
Davey50, normally I would say your updates would not be necessary as a long term investor. However these are unusual times and as we get closer to D day your posts are welcomed rom me at least. Appreciate your intraday updates, as it tells me there are buyer/s hoovering up any loose stock all the way upwards from those not willing to hold through to D day and that is also understandable. I am expecting larger upwards movements over next week.
What is also interesting is despite Wins pushing it's always been easy to buy well inside the spread until now. All of a sudden it's NT to buy at 0.2p, first time I've seen NT to buy all the way up from 0.14p
Countingcards.
Yes I will not be holding this when it gets delisted so yes again I will sell at some point.
Neither will I, it's now about what price your happy with. G.Luck
Last mm left at 0.2p, was 4 earlier and NT to buy so I'm hoping for a REDX style spike soon...just hoping
Today's worked buy is 9 million at 0.199p so they are quite happy to pay higher and higher and with it being 9 million Wins delayed showing it a hour.