Alliance Pharma Share Price (APH)

I would not describe the fine as peanuts, as it is over £7M. But they do already have this money as a provision on their balance sheet. That said, this is selling off like there will be a placing. Recent lesson learnt from AGFX. Expect it will be touted as positive, to buy something or develop the business, just like AGFX. Price action is too obvious and Black rock have hung on at 1%. Cant see any other reason for such dumping and lack of buying from DBay etc.

The fine had already been declared and was peanuts. It's the appeal we are hearing to learn about. Won't make a difference really either way.

Kirkyrip has an absolutely correct interpretation of the situation, IMHO.

I doubt it's a manpower issue. I expect it relates to the elephant in the room, namely the outstanding litigation. That was supposed to have been sorted by the end of 2023 but hasn't and for whatever reason the auditors don't believe they have the full picture. The fact it is ongoing suggests further legal fees etc and maybe more.

I've sold out this morning.

This set of accountants are beyond incompetence! The company should sack the lot at the first available opportunity. How can it take this long?? Put more people on it if needed! Grrr