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C'mon lets be 'avin the placing price!
-Anthony Cross buy 7,013,799 at 2.5p - showing yesterday -So I expect the other 7,013,799 showing yesterday at 2.5p was Chris's sell. Leaving another −1,373,799 sell from Chris to show. Giving the total Chris sold as 8,387,598. - waiting for Sara Williams sell of 5,000,000 to show - waiting for Simons 6,373,799 buy at 2.5p to show. Unless they logged a on the 11th. And I missed them.
That's my thinking as well! Hope we are correct my portfolio could do with some blue in it!
2.5p fund raise likely at least that figure. Big money they have put in.
1.8p to sell v 2.2p to buy. lower then yesterday's 50% spread at least
Yup the delayed buys from the other day. Directors piling and and will be participating £250k each in the yet to be announced placing price...plenty of confidence there...
Well spotted, I think your bang on.
O wait that would have been the Anthony Cross buy 7,013,799. "The Company has been notified that earlier today, Simon Stilwell and Anthony Cross have each acquired 6,373,799 and 7,013,799 existing ordinary shares of 1 penny each in the Company ("Ordinary Shares") respectively, at 2.5 pence per Ordinary Share. Simon Stilwell and Anthony Cross' resulting holdings are 7,013,799 and 7,013,799 Ordinary Shares respectively, each representing approximately 10.9 per cent. of the Company's issued share capital."
Wow make way for holding RNS! we was right a BIG buy was in the background. no wonder the spread was high
Am I seeing a £174,000 buy
2.24 on the ask now, could be large background buys to be announced later
Being quoted above ask for even tiny amounts
Lucky you I Just tried to get a quote - wouldn't even quote for a £50 buy, went NT lol
can buy below 2p now, tempting... easy 25% short / med term to be made.
Make of it what you will but I've been able to get quotes to sell over 500k shares in one chunk all day, and the price has been raising. To me that's a bit strange for a low volume share. Maybe someone has not finished buying and a large order is being filled? Who knows but good luck to everyone.
dirs buying millions at 2.5p!
Been checking the history of placements/subscriptions here and all seem to be at around a 20-30% premium. I guess the difference here is that they are raising more than the current market cap (£1.3m - placing is for �2m, with directors taking �0.5m of that.) Always amuses me when we see PIs (even after placing was announced) busting a gut to buy in @ 3p+ and now will not buy at/around 2p!
Fair assessment there and I guess the simple answer is we now have 4 people we a vested interest in making this a success. The only remaining question is what price is the placing?? I added 1/3 of my target holding just over 2p on the basis that's lower tan recent BOD purchases. Will add the rest once placing price is known
I agree that spread definitely doesn't look great today. Still I'm looking at this share and thinking The two new guys bought shares directly off Chris and Sara - effectively buying a seat on the board. You now have four people who (currently) own 40% of the total company shares instead of two. That's quite an investment. My complete guess is that all four (who now have cash) could participate in the placing so the price could be a double edged sword, to low and they loose on existing holdings, to high and they don't make it worth investing for others. You would think that they would have a good idea how to process the placing, been as parts of the company is / has been involved in funding / crowd funding / publishing various investment media, websites, newsletters etc. I'm prepared to give this one a bit of time if needed, looks like the company's turning over a lot of cash at a negligible loss which if the loss was mainly from one off costs then we must get see profit in next years. Just asking myself - Why would two people buy 22% of the company ....
It will go up, why didn't the new bod just buy all there shares in a cheap placing ? Not diluting
fecked up here by not announcing the planned placing price, judging by the way the sp is behaving its looking like sub 2p..
Not exactly encouraging things here are they! Terrible spread and L2 does not exactly look great
50% spread :/
I don't know the rules but are there not price and time limits to what they can price placing shares at if II / directors / executives have recently bought.
I hear what your saying but why announce it if it's not ready ? It's also a matter of the price that no one knows bringing uncertainty . It doesn't really shout buy shares right now, add MMs holding buys and giving a sh** spread and it's worse still. The BoD looks good and clearly know what they are doing Whether they care about us will soon come to light