Is someone pushing hard to keep the lid on the rise or is just a bit of profit taking? I guess that EQT can't afford to let bedsit get burnt by not being able to close out the short - he could throw his toys out and cause the sp to plummet again. Softly softly will be the approach until everyone who's benefited from this scam can get out.
In my simple mind - part payment seems good but project status seems a bit weak....I was expecting something stronger there. Bercheva still have the 1.37 percent short in place though, so maybe bedsit isn't expecting a recovery anytime soon.
8.8m transaction at 31 pence - approx 2.76m pounds. On the face of it a sell, but, if it has been filled over several days then it might be a buy......anyone with more savvy able to enlighten?
It must be from to CLN RNS on 28 Feb: Quote.. the Company can elect to issue Loan Notes every 90 calendar days unless the Company and the Investor agree to vary the issue date. The issue of Loan Notes will require the consent of the Investor where there has been an event of default by the Company or the closing bid price of the Ordinary Shares (as defined below) on AIM is below 1p for any five consecutive trading days.
When does it get to the point though where Bercheva and the BOD have screwed the company so much that it has no future? Owning a lot of shares of a worthless company is the big risk for them I guess?
Yet another lurch down to the bottom. I cannot see now how anyone would place a contract with this company when its future is in such doubt. If the BOD can't adequately sort out funding (any accusations of fraud notwithstanding), how can a customer have any confidence that a major infrastructure project can be delivered. This has now got to be the beginning of the end.