RE: SP discussion22 Nov 2019 10:12
I think everyone is in wait and see mode. At £4mil market cap it must be near to the bottom, so no-one wants to sell (even if they could) but there's no buying to push the price up. Maybe the MMs don't want to buy as they expect to have an easy supply from the loan conversions when the price starts to move.
Having said that, although they're only accepting the minimum amount at bid price to sell, the quoted buy price is being moved up slightly. Earlier in the week it was 3.6, yesterday 3.68-7, today they want 3.85. If a few people start taking positions before expected newsflow.