RE: 20p target,Placing 10p on Friday by directors8 Feb 2021 16:32
Jamzyee
But it is not a placing at 10p though is it ?
That was my point all along. 10p is also the price that the convertibles can convert at, now that was a placing as people paid money to buy those to give INX very badly needed liquidity.
As in any market there are 2 points of view, this is encapsulated by 2 of the best performers in the micro/small cap market having taken opposite views, Potts, who has had a great tenure at Herald IT bought some convertibles whilst Dr Jourdan at Amati with an equally stylish performance sold his, rather large lump, at 5p just before the converts came out.
The experience of many investors in the past of the BoD has been that they are desultory and most people have bought the promises & then departed rather poorer.
This could be the reason, of course, why this stock seems to have rather active "pump & dump" operators ?