RE: Positive day for10 Sep 2019 23:21
Very true and a great point EDMS - say our main backers MXCP thought that having initially bought and held 30 million pounds worth of shares, if they felt the company had nowhere to go, they would have upped and left at say a 10 mill loss. They didnt and over the months the SP declined the value of their 30 mill investment was as low as 800k its now back up to around 7-9 million and will be back above 30 million with time, they know this hence leaving their investment in.
Mxcp know the assets, contracts and everything else the company has going for them - they know how much their shares are worth and how much they’l be worth in the future. The current market cap isnt a true reflection of IDE and its growth potential (a couple of contracts would soon change that) yet the backers and major shareholders do, hence the recent rns release stating we have ‘begun to recover’.
It seems the mm’s also know the above and have been aggressively collecting shares with a 20% spread in anticipation of news flow and a rerate.