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Geordie you might want to mention that the 0.68 was over 230% up on the closing price a month before. Anyone can play games with statistics.
Geordie gosh you are a blatant liar and suppose thing 2+2 = 3. At 17:09hrs today you said share was down 47% in past two weeks. As posted it is down 10% in past two weeks.
All you have down is take a percentage between two random dates. I can thus easily say we are up over 50% in last 36 days.
Sorry 10% down in two weeks.
Geordie please do not spread misinformation. Two weeks ago was close on the 15th and that was 0.379 bid price. Today bid at close was 0.34 so we are down just over 10% in a week so hardly 47%.
Never got above 0.38 on Monday and highest all week was 0.42 on Tuesday. Overall dropped 11% on the week.
Price is relatively stable at moment. More sells than buys hence down a few % which is nothing for this share. Surprised people are still selling given the price we are at and fund nearing its end.
Might as well hold as hard to see them dropping any lower than 0.25 but LB may advise after lunch. Volume has dropped substantially and few buys now compared to last few days.
LB28 I have already said based on my research another 350m odd shares are due to be issued this week or with this volume likely to be next else fund will exceed the 30%.
LB28 whatever your research you did post a week or so ago that conversion price would move from 0.25 to 0.4 and this we would be in the 0.6s and I am sure that resulted in some buying in.
We will see in a few days if your latest research is correct.
Well done Stu and at same time we were told by others conversion price would be 0.4p.
Volume certainly dried up now though and if MMs want to get fund away won't they have to raise the price to get some buyers in? Nobody is buying at moment due to another tranche of shares so top-ups are off the table.
Only 33m shares traded and slowing down so at this rate will take fund a week or so to sell ones they have so unlikely to be a new issue this week.
Well only 0.85p and we are along way from that money coming in.
SP rising but at this level hardly worth fund converting any more for a 30% return at best.
This week will tell us who is write. I err on side of more shares but hopefully wrong.
Aren’t the warrants on top though. Anyhow will know by end of Thursday. What a crap funding process yet amazing so many shares got away.
And over a £1m from June onwards but doubt BOD will agree to those.
Well £1m in this tranche which seems to equate to 1bn shares and so far only issued 640m as far as I can see so leaves another 360m. Whole funding can be £2.7m so just over £1m in latter tranches which may not happen. Ultimately would be good for clarity. If I am right hard to see fund getting much profit going forward so conversion may be delayed to let SP recover.
The only issue is how many shares left in current tranche - I think about 360m still to be converted.
June tranche is not mandatory so current agreement allows company not to take it up.
They have lenty of money in bank but at last accounts spent £2.8m in running the business. Hopefully this is now reduced. The old board were certainly incompetent and yet another company run for benefit of teh directors.
Problem is current tranche isn't finished and we seem to be only two-thirds of way through it in terms of issues shares and most probably less in terms of fund sold shares so maybe another 400m to 500m shares to be sold and due to 29.9% limit fund needs to sell fast next week to convert the remaining 300m+.
Rate of return for fund is now getting small though and hard to see volume continuing if SP keeps going down so something may have to give.
faze. just to clarify are you saying the shares derived from penalty payments in the 1bn.