RE: This is all so depressing28 Aug 2025 08:35
" I don't know what has happened. Can someone enlighten me"
Yes, this has been a clever play in my opinion. The clever bit was when they consolidated the shares but not the strike price of the warrants, at 2p, which meant that the lucky warrant holders were well in the money and couldn't lose. The next clever bit was that someone started a well executed promotional campaign making some outlandish statements about the prospects of the company, and these were made to appear like genuine news items rather than promotional adverts.
This prompted wild speculative buying which drove the share price up to 48p, and then I guess the 2p warrant holders started selling into that sbuying trength, and as expected, the price tumbled down as 2p warrants were sold as quickly as possible whilst they were so far into the money.
Now I guess most of the warrants are sold and the aggressive promotional campaign by persons seemingly unknown has stopped, the price is going back from whence it came.
The lesson to be learned is to know when the promotion is over and set some sort of trailing stop loss so your head rules your heart, and do not listen to promoters on bulletin boards such as this one.
I hope you didn't lose too much.