Remember this wonga. Ron was paying his margin calls not long ago which indicates that he sees value way above this. I think he was advised to give in while the fund cleared out. Big director buys around 25 pence plus Sellas due diligence to buy ten per cent of the company. Upside from here could be massive...
Not much to say until the BOD say something... Waiting game with a few short term traders selling out now. Hopefully an II wants these shares on the cheap.
I put it down to nerves, caution from pis etc... Hardly any demand or supply now the big seller has gone so we wait for news. Some great news please Ron. If the company start producing then long term investors will be thoroughly rewarded.
I have money in here i can afford to lose and would like to invest long term so am not too bothered by what is being spouted. I'm not silly enough to believe this is a dead cert. But... I am confident that i understand what was behind the drop and have topped up to take advantage of it.
Please don't put this in the same category as NEW. And tung is a great idea but tech companies are difficult to get off the ground without continued investment.
Well those clowns don't understand how it works. You pay one fee for the year. If their was a placing coming I'm sure the nomad would be pushing cbuy to release an rns and pump it rather than keep quiet. Like on so many aim shares
Seems like they may not be pumping every bit of news which is good for long term investors. I'd prefer a steady rise from here rather than having to watch the sp like a hawk to try and buy and sell on spikes!
Only directors have to declare instantly I believe. Unsure on funds etc going over or under certain percentages but you would usually see it a few days after. I know that short positions have to be declared within a timely fashion or they are fined. Not that it has deterred them on many an occasions. Strange trades today! 5 and 50 shares