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Big jump again like other day we will see ..gla
Just saying! There was a reason for the last surge just timing wrong. Contracts about to be announced?
Bit rude Jimbob.
Do you not think the technology is fantastic and therefore for a company with a micro cap of circa £2 million then contracts which were mentioned in the RNS a month ago would transform the share price?
Oh shut up Ghecko. You know there’s no basis for the share to rise from here. All you’ve done is had a 2 second look at their website, seen what their product is and thought ‘right, let’s make my baseless ramp look intelligent’.
A bounce off ten 20% retrace from recent highs. Good sign it is set to push on up again from here.
Contracts must be close as fantastic technology needed in the Green space for the oil and gas industry.
The post from ho5e4u (presumably email correspondence with the company). Latino prefers to read what they don't say; he reads the term "currently" as meaning not today but "tomorrow definitely"
Sorry , what are you reading
If ya in for long haul just chill only the quick buck boys are worrying ...gla
Friday afternoon rises are extremely rare even more so with the butterfly effect’, even if we do go with this theory they’re would have been a sell off before a close but it closed around day high. Either way we will find out soon!
Try actually reading what they say for once rather than what you'd like them to say!. They have nothing to say about the recent price rise because they have no information to release to the market. It's over. Give it a rest.
Looking at the trades on Friday, the price rise seems to have been kicked off by circa 500k of share buys between 9am and and 12am (an outlay of £10-12.5k, less if done through spread betting). The butterfly effect.
Reading between lines, they are saying ‘if pressed’ they will make statement. This to me reads as though they have something!
I read the Aim rules last night. There is no mention of an rns for unexplained price rises. They do demand an rns where there is a risk that information may have leaked. Its a pre-emptive act and cannot be delayed. The latest time would have been cop on Friday. I think that's clear. I hate it when investors lose money, lets hope good news comes soon.
No, they are not. It's normal pratise to issue an RNS if the BoD are not aware of any reason for the share price movement but I don't believe it's obligatory. They are however obliged to release an RNS if price sensitive information has leaked (and the time for that RNS was Friday afternoon or Monday morning at the latest). In fairness to the BoD, by not releasing the former type of RNS they are allowing the share price to fall back gradually, giving PIs plenty of opportunity to exit if they so choose whereas, if they had issued such an RNS yesterday morning, the share price would have plummeted before opening.
Personally, I think it's highly unlikely that there is any news, not already in the public domain, to be released but, if there is, then the CEO and BoD are now in serious hot water.
Many thanks for your communication below.
As you imply there seems to have been some spurious chatter on a platform and if we are pressed/requested to comment as happens on some occasions then we will of course do so. That is not the case currently.
Response from company earlier ...gla
Could catch the sellers out. Must be a reason for the surge last Friday.
Make it what you will, but some say it means RNS logged?
Think we will get an RNS, as either way they are required to RNS by rules anyway.
We didn't know the reason for the rise and we still don't. Thing is, I would have expected an rns sometime yesterday afternoon at the latest. The lack of any news suggests it was some kind of pump that made the first pumper a nice sum. Sorry, we were hoping it was news. I've watched this share since last year and I truly feel for the longterm holders, they've been devastated by a dead parrot of a business.
I didn't say there was substance Latino, far from it. Even the spread betting firms don't think there is any substance to the possibility of an RNS (they are still allowing you to open long bets)! The time for an RNS was yesterday morninng before the market opened.
Agree there is substance, but it would be good to even issue a holding statement by CEO..
Mick, They are obligated to make an announcement if there is news in the offing (and that news appears to have leaked) but are not obligated to make an announcement if there is no news (although it is normal practise). You cannot assume that "no news" implies that there must be news. The CEO and BoD have had plenty of time over the weekend to formulate a press release, if indeed there was news in the offing. If there is now news in the offing, as you suggest, then the CEO and BoD are in a very serious predicament because they've allowed the sp to drop from 4pps below 3pps by withholding price sensitive information from the market and have opened themselves, and the company, up to being sued by investors who may have sold yesterday/this morning. If there was news, an RNS would have been issued at 7am yesterday morning (even if it was just a stalling statement until further information could be released); information unintentionally leaking is not an excuse for the CEO and BoD to do nothing. Stop pumping!
Trotsky, The company is obliged to issue an RNS either way, as an example see this: https://origopartners.com/wp-content/uploads/sites/42/2021/03/5.-08-March-2021-Statement-re-Share-Price-Movement-1.pdf
As no "speeding ticket" has been issued as such RNS's are commonly referred to, the usual inference would be that there is a reason for the rise!
DYOR
DYOR
But is 15m shares really the free float? It may be the number of shares available to trade but I'm sure that there are plenty of PIs who bought this share at 10p+ who are holding against a possible recovery with no view to sale below (say) 10p. Yes, a lot of shares were traded at the end of last week but it might have only taken a fiarly small number of shares to actually kick start the feeding frenzy. At, or around, 2pps it may have only taken a few large buys (500k-1m) in a short period ot time to move the price rapidly upwards, which could then have drawn in more PIs and driven the price further.
As I say, if there really was news in the offing then the CEO ought to have made an announcement yesterday, if not Friday, and the lack of such an announcement suggests that there's no news (the BoD are not obligated to make a statement about share price movements based on no news).
Can at moment buy same price as sell…glitch!