Have just come across this stock whilst researching high weekly fallers. My initial query is why a group of company directors bought over 8.5million shares only 4 weeks ago at 6.5p and yet the SP has fallen over 50% on the back of one, relatively trivial news story. There seems to have been a massive over-reaction here. Can anybody dissuade me from buying on Monday if the SP remains below 3.5p?
So MrIndia, by your reckoning, if we don't get a positive RNS on Monday morning, can we expect the share price to collapse? It may therefore be wise to sell before the weekend.
Personally I could not afford to see this fall much further so I have just sold my entire holding. Hope to buy back around 1.75p before the end of the month.
You only lose money if you buy & sell at the wrong time. I have just bought under 70p and feel reasonably confident that I will lose very little, if anything.
Ell. you obviously have very little business knowledge or experience. If the offer was under-valued, clearly an increased offer will be forthcoming either from the original suitor or elsewhere. There may be a slight knee jerk reaction at the outset but only minor. The price will thereafter rise.