Member Info for ben10_

Not the recovery most wanted but it's started now. At 5 or 6p with little or no debt, 2.5b turnover and 8b of contracts someone will come sniffing! Short term will be hard but it's not all bad

Completely agree. The only thing that bugs me is how has no news been leaked?

Another smaller reduction. Expecting a larger one tomorrow! Every little helps

Tony you really are boring. Sat watching this page all day how sad.

Shorts closing must raise some questions when theyve had ample opportunity to close at much lower rates for far higher gains. It's clearly not down to borrowing costs.

Buys up 3 to 1. Interested to know what the short position is at. Definitely something happening in the background, shame we didn't get some positive news this morning

Can't lie I fully expected the SP to break 20p yesterday. Beginning to think I got caught in the hysteria with shorts closing. Now thinking they may have just been covering their positions. Monday will be a cliff hanger.

I hope you are all right, I've just doubled my stake.... I must be mad

I'm in the camp of an extention with a clear strategy coming to light... Hoping it's a disposal to raise funds

£1 jesus. I'm optimistic but at those levels you're making me giddy.... Almost tempted to get a redemption figure on my mortgage

No sympathy for a short from me. It's a risk/reward dilemma. Holding on for an extra couple of months in hope of collapse is pure greed when they could have cashed out in the single digits or atleast near it and saved all those extra borrowing costs

Agree PJT

AH seems to have a game plan in place. I'm happy to sit back and wait it out knowing better times are coming. Hopefully add a few more shares as we go. A years time this will be atleast double!

5th August - Whitebox reduced!

Be surprised if they don't reduce again today

888 rejected a bid of something like £1.50/share. They waited a while to release the information to the market, when the price was about 88p from memory. On release the price barely moved and recently it's down to about 55p. A rejected bid isn't always a positive!

Apothecary,

The volume is so low so doubt it. Based on today it would take him 85 days to exit and no one else sells a single share.

Couple that with the price being rock bottom he could have exited anytime, with inside knowledge, for far more.

Can't see him selling at this price or any where near. He will either sit it out in the knowledge better days are coming or spearhead a takeover with venture capital/own capital refinancing or clearing the debt and make a mint in the process....IMHO

YB,

My feeling exactly. If he accumulates from within the SL woilde rocket!

Can you spearhead a takeover from within?

Shorts have two options imo, close and admit they timed it wrong or increase and take control of the SP again. I don't see standing still as an option. Whitebox clearly had the inside track, it will be interesting to see how much they reduced in the end.

Personally I think the board will have more news that will be released at a key time again.

Either way it's a roller-coaster and good fun watching the panic

Without doubt this is a middle finger from the board to the shorts... And rightly so. They had ample opportunity to close with fantastic gains.

I just hope we get some momentum from here and the news keeps following with some new contacts.

Nice to be in profit for once... If only for weekend!

Patience finally paying off. 12.5p looks like a bargain now even today's SP will look good by this time next year!