Over valued at present, looked into them last week as I liked them a while back. Profit margin is knackered for some reason, perhaps because of acquisitions.
The difficult to understand thing is, whoever took part in the warrant issue instantly held more than 3% yet aren't disclosed as a major holder? I'm certain it's them who have flipped them and still have 7.5 million warrants outstanding. The majority of sells happened after the announcement and above 3p. Are we playing Hokey Cokey and expecting another warrant issue before a fake rise or will something material land?
Now lower than before Teathers announcement, apparently. I firmly remember Jonathan grabbing what he needed when this turned lively before Christmas. Calm before the storm?
Yep, like the conglomerate approach too, heavy hitter on board, good chance this is going places. It's name means shell in Latin I think, so clearly setup to find a crab...or a crab will find it...:)
Surprised it to see one yet, someone appears to have sold a lot, couple of million over the past two weeks. I see that IG responded to NENX and added longer timed sprints.