Find out tomorrow or Thursday. If there was no news, AFC would have released an RNS today to say there is no reason for the drop, this standard when shares unexpected go up or down.
Off I've seen in a while. I think the fund raise was just about keeping them all in jobs and Bonds last gift.
I have always know that is you have a good product with a good price they sell themselves and all this its just around the corner for years and years looks like a complete lie and con.
They have stall investors with excuse after excuse looks like the reality as hit now.
Melvin, its disgusting how they have let this happen, with all the lies, they told investors. It is really looking like they were all in on this and i cannot help but think its a total con job.
This is why Bond went, so he could pump up the price with false order book statements and not have anyone accountable when it turns out the sales are nowhere near what they claimed they would be.
RE: CWR a good example of one bit of good order news sent shares up 26.56% on Friday! Same can happen to Afc Energy. Especially with all that's going on behind the scenes.29 Sep 2024 17:02
This needs about 5000% increase for most holders to break even
Order Book, when you think about it they can use any figure when talking about order books. It looks like that was just a way of sounding busy a step up from "we have never been busier"
It does seem weird why they are silent and just letting this fall.
Reasons
They are trying to let the short close
They are behind the short
They have no news so just cannot say anything
New CEO wants credit for joining so they are waiting
Who knows, but I know AFC had a lot to say when they were after more money and now they have got their salary for a while it feels a bit like screw shareholders.
Like I said, it was in a period of momentum, caused by all AFC reported of sales figures. So people thought they had called it wrong and it dint factor.