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So I saw the doubter out there over the weekend thinking that there is no deal; but I have to say the following:-
1) Market makers are short and desperate to get this thing down, but that won't help them to cover their short positions, as fewer people will sell at lower prices.... laws of supply and demand!!! So if they want to cover, they have to push prices up, not down.
2) Therefore today and tomorrow (if there is a tomorrow, I reckon they'll suspend today close of business to stop people dumping on the last day of trading) maybe the MMs will turn on each other, dog eats dog. They know that if and when the RTO goes ahead, they are going to be screwed by a multi bagger when it comes back to trade.....
3) Greenwood has maxed out, but my guess is that he will have mates out there continuing to pick up stock. These guys are not idiots and they will want to see a decent suspension price. There have been quite a few chunky trades go through in the last few days. People are picking this stock up!!
So where does this leave us? One question posited over the weekend is why are they leaving it so late and that because the have, maybe there's no deal in the first place? Well, I would say a) why the hell is Greenwood still buying and presumably, his mates? and b) If there is no deal, it would indicate that the previous announcements would make the current board a bunch of liars as they have said that an RTO is being sought with every official RNS announcement this year c) These guys have a track record and reputation to hold up and it seems to me that they are NOT scammers. They have to deliver.
There is no way we can know what is going on on the inside, but my best guess is that COVID, intercontinental locations of BOD, accountants and lawyers and hyper risk averse NOMADs are the reason for the delay. For my money, there IS a deal being negotiated, and they are desperate to announce is as soon as they can, preferably before the deadline of tomorrow evening. That's what all the above points too. Today may turn out to the be last day of trading!! All will be revealed. Fill 'yer boots while you can boys and girls!!
Upupupupup
Weirdly, HL wont give me a live quote..... something happening???
Who are HL? MM? The spread is so wide you can drive a double decker thru it. Sure sign of market makers scared S***less.
Hargreaves Lansdown, and still wont give a live quote. Would have thought they would narrow the spread to try and get sales if they were that scared, wouldn't you?
Not Really, HL ARE NOT MMs so they have no business making a price for you. They would go to MMs to get a price for you, which right now, is 25 bid at 29. MMs are between a rock and a hard place now. up the price and they will get stock but increase their short losses. I feel so sorry for them...... NOT!!!!!!!
Thanks for that, bit clearer now. Onwards and Upwards then.......
I think the mad rush is going to start!
can someone tell me whats happening with this share?
Any news expected?
thanks
Join it!!!! This is the stock that other stocks simply cannot reach!!!
I am already in it!
just want to know whats happening!!!
2 days trading to go, MMs very short, read my missive at the beginning of this string. Some decent bites of buying today, nip and tuck whether RTO will be announced before suspension or not. I'm still buying.... slowly but surely but accelerating today given time constraints on trading due to suspension...
sorry 2 days trading? why>
RLD has had 6 months to find a suitable RTO candidate - that 6 months expires tomorrow
But even if it is suspended tomorrow evening without an announcement, they still have another 6 months to announce an RTO. Its not the end of story by any means.
Hi munchlet
Can I ask a Q please.
If they were to suspend tomorrow with no real news - is that "allowed" - or would they give an idea that they either have a target and coz of CV-19 etc its been delayed - or were still looking etc.
What I'm getting at is could there be an RNS that just simply says - SUSPENDED.
(Now go away investors and stop bothering us for an information for 6 months).? :)
They have 2 choices Numpts. 1) Announce RTO before the close of business tomorrow with a voluntary suspension, or, 2) after the close of business, announce a suspension due to the 6 month period since it became a cash shell expiring. Anyone worth their salt would want the former rather than the latter. However, they would still have another 6 months to complete the RTO before delisting. What you are getting at is No. 2). Let's see. All will be revealed. Tomorrow
Exciting!
Thanks munchlet