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Hello,
Not an investor, but I recently came across the company's name in anothe forum and began to research it. I wonder if anyone on here would be kind enough to give a short history of the company and it's SP. I can see SENS was flying high a year or so ago at 155p a share, and seems to have plummeted off the edge of a cliff. Would be greatful for any background you could offer
Things kind of started going down-hill towards end of last year.
They were fined for failing to disclose Drayson giving himself a bonus.
https://www.cityam.com/former-government-ministers-firm-sensyne-slapped-with-400000-fine-over-covert-bonuses/
Then there was a 'substantial' debtor that they were chasing (still no outcome on that).
Then a bunch of contracts that were supposed to generate money, but didn't. They then started whining about running out of money and not being able to continue, this bled into the Spring.
Old CEO left, there was some hope and hype with new CEO, but it's now clear the de-listing could not be avoided.
What happens now is uncertain. Best case scenario for holders would be them re-listing in the US.
Thank you for your thoughts. Any view on Martin Gouldstone's performance at SENS? I.E is he culpable for the demise (at all) or was his involvement more scientific expertise, rather than management behaviours / errors?
Well planning to keep mine so buying more at under 1p. The lower it goes the more I buy if I can
Will be looking to add either tomorrow or Friday as I see a spike in the SP before the 17th June.
I know when i have had "my pants pulled down" another worthless Aim share. Accept i was foolish to gamble,paying almost nothing for absolutely nothing. Will put it down to experience and move on .
Struggle to see why there would be a spike. I would have thought more likely to see people selling rather than being left with shares with no market place to sell, no dividends and very little information required to be produced for a private company. I am only hanging on because not worth selling at current price. Institutions may be forced sellers if they are not allowed to hold unquoted equities.
Totally agree Franalex. When in a hole stop digging. Yes at this price not worth the trouble selling.