Starts to bounce .. US opens and the share comes down. Holding okay.. Oil comes down .. just give up. After a big fall on earnings usually shares get at least one or two days of bounce. We get nothing
Put a Sheikh in a Placing, share price goes nuts, nothing happens, everyone sells out with the warrants. CEO and Directors benefit, Sheikh benefits, Brokers get their money,
AIM shares are all on hype. If there's a drill result like ROCK they will rally and have huge volumes, if there's a Drug Pass like FARN people will come in. I3E hasn't done much with this last well and todays RNS almost said they're done until next year. When AIM is volume and volume only, why would you stay here? Yes the drop is probably over done but you're sat in this for ages now when you could sell, move on, make money in the next IMM and then come back here.. that's why these shares are so erractic. News and volume drive this market
Company has traded well above 5p per share since July even as high as 7p. Today it was trading 5p bid to about 6.4p offered. Someones come in, bought to a 42% ish stake at 5p and that gives him the right to complete the take-over at 5p as well? Seems like it shafts basically anyone who bought since July ..
So let me get this straight - they listed at 140p last December .. in a year have spent all their money on 'administrative expenses' failed with three take-overs, the share price is now 2p, everyones resigned and there's an Open Offer? Is this the worst company or biggest fraud of all time?