RE: Negativity21 May 2020 18:00
grouchomarx
What has changed is that the rise from the proxama ashes was driven by a couple of relatively young energised proactive entrepreneurs that pushed and informed and involved shareholders. Whatever your view, there is no getting away from the fact that they have decimated the share price with a couple of ill thought out school boy errors in desperation because they just left it to slide..
I think they believed their own publicity. Sadly they have locked-in many new investors @ 0.875 and others all the way down from 4p plus.
They don't answer the phones anymore or reply to e-mails as they used to.
Hopefully they are working hard, but I'd guess I'm not the only one that has lost respect for them, and not so much for what they did, but because of the way they did it and even RNS's to bolster it.
To understand fully you needed to be party to it as it happened. The SP was 4.6p (MCap circa Β£15m) and it drifted down with the lack of communications or news to circa 1.4p. Then they hit us out of the blue with the 0.875 fund raise @ a 37.5 per cent discount from an already decimated SP, and the price crashed to 0.425, down initially from the high to minus 69.57% to the 52 week low of minus 90.76%....and STILL today total silence from all quarters ! ???...
All imo pdyor