Truspine30 Sep 2020 18:15
Share price has fallen from an opening price of 35p to a mid price of 21.5p . This is a result of 59, 141 shares being sold and 24, 424 shares been bought on the Aquis Stock exchange since Truspine listed a few weeks ago. In other words, a net sell of 34717 ordinary shares . If we take these 34717 shares at average price of around 28p this works out at £9720. So for net selling of under 10k the share price has fallen nearly 40%. This share is clealry being manipulated by MM's . The good news in theory is it should not take a lot of buys to move the share price in an upward direction. Yet, again given what has happened here I am not so sure. Maybe an opportunity for our existing and new board members to invest more into Truspine at a very cheap price if they think the company has future growth potential. Any other thoughts?