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Lets call out elephant in the room, this is very carefully managed to perticular price point, for reason only known to few this is exactly managed in the same way as Helium one by Liberum - corporate stock broker. The decision is been take its just not known to all.
most platforms stopped buy orders, sell only allowed, any still alllow to buy
Though buy vol is higher than sell, price is moving toward some sort of target, Brokers/MM/Narket are trying to get to some specific value this looks like controlled declined to specific value. Yesterday they held 5.6p solid, today first thing in the morning bid lowered to 5.5, same is repeated since last few days. could be completely wrong ! Average down too early and now will patiently wait. GLA.
Something is going on multiple trades going through
what happened in last few minutes loads traded and price dropped
another one is, SP is same as pre vaccine price, positive development of the vaccine news is not materialized yet, it is due and will move at some point, good luck all LTH.
this share cant hold so called discounted price of 1.4p, after increase of 20% outstanding shares from recent placing if you compare current price to the price before placing in terms of market cap it is would be about 1.6p. Before placing it was storm of comms from the company and as soon as they gobbled half a million from share holders they are back to BAU. Still hoping they can deliver as promised, but it is sad and frustrating to see this drifting again and again. Every business is cost cutting, reduction in boards salary would be good start. GLA LTH.
surely, this was on cards, i posted this back in July. "With all other noise I am also concerned about cash position as they are burning c.700k in operating cost and there wasn't much left at the end of Feb 2020, so unless they start generating income real quick there is definitely issue of new shares on the cards. Before it's too late GS needs to walk the talk. Also his track record of Alpha universal management doesn't help." GLA.
@Bobby - all valid points
@giles, your right became member in April that does not prove my purchase time , to be specific my purchase was Dec19 at sub 3p, I never believed sp will go beyond 2p without material update, however thanks to you guys for support in this share which allowed to claw back my losses significantly last week. I genuinely wish you guys best for your interest in this share, however speculations will remain speculations till they become facts. Its well and good for them who got investment at 1-1.5p but think about someone who may have bought at about 2.6p last week they are already more than 20% down for what ? There is nothing official that surfaced in recent times and all of sudden some made decent profit, some were able to cut losses massively (incl me) and some are already in losses. Again thanks you for support which helped me personally, and as you mentioned time to move on ! GLA
yeah sure when its up make sure you get out before these guys, history shows this share spikes up on hope/news/update but have failed to stay above 2p so ask yourself a question if fundamentals are so strong why SP couldn't sustain the momentum. This has been short 7 months but painful journey, good luck to all with 5p/10p target. No matter which side you are on just remember this is really low liquidity share which takes away freedom to trade when you want, i.e. some TR1 holder may be sitting on nice profit but its only on paper till MMS find a buyer at that price till then keep getting NT (trade will not execute no matter how desperate you are to get out). So its obvious you need more buyers if you want to materialize your profit.
With all other noise I am also concerned about cash position as they are burning c.700k in operating cost and there wasn't much left at the end of Feb 2020, so unless they start generating income real quick there is definitely issue of new shares on the cards. Before it's too late GS needs to walk the talk. Also his track record of Alpha universal management doesn't help.
Just rang the UK contact number on website to check if it is working, greeted with options however as soon as selected option for general inquires went straight to voice mail with no identification. Least the company can do is, decent website and communication channel. You got to be serious about the way you handle the business, this does not help the SP at all. I will probably wait for today as cant just see this SP drifting and losses accumulated, even though they are paper losses at the moment. With regards to comments from others on this board (positive/negative) it gives new pi to have perspective on both side. DYOR. GLA
@bots @hull @giles hope this wait is worth, as there is nothing that has materialized in last 7 months i have now reduced my exposure but still in with small investment, i now doubt if it is even worth paying stamp duty for this share as it behaves like AIM. Hoping for material update else it will go down to same route as it was back in end of march and end of may where it was spike on the back of hope. For new investors this is not your BAU share where you can buy and sell shares whenever you want due to lack of liquidity. GLA
I would not recommend freetrade if you are trading sizable amount, it does not have any stop loss while selling, i.e. actual price could be 10% lower then what is quoted in app. I was quoted 7.7p but sell went though at 7p lost 10% (cĀ£500 lost) . Be careful, for small trades it's ok. Raised this incident with them, reply was it's in T&Cs.