This is surely manipulated to hell......less than 1.5% of shares in circulation traded today, but massively dropped. As I've seen posted earlier, don't the FCA ever look into things like this?
Just an observation, but I notice repeated instances over recent trading where apparently 'idiotic' selling has occurred (as per LB28 and Ironhide) when ask moving up or about to go NT. Is this not exactly what somebody with a large chunk of shares and a vested interest in keeping the SP nailed down (for whatever dark reasons) would do?
Re-reading the RNS, the 20 days may relate to the cancellation of the original listing and not the application for listing of the new entity...so suspension might effectively be less than 20 days?
Still has the feel of being tightly controlled/manipulated. Any significant number or volume of buys is quickly followed by a sizeable sell, recent one round figured 3m.
RE: Credit where credit is due...22 Feb 2021 09:37
Surely any big seller is likely to be our murky friends at Intertrader? Who knows what their plans are and how they could use their large stake to manipulate the SP?
Can I just restate a question posed earlier.....as in how the f*ck can the SP finish down, given the buys massively outnumbering sells in terms of number and volume? I know we're told MMs don't manipulate things but today's action and outcome are baffling, to me anyhow!!
And I know we're always told that an algorithm sets the mid and no MM games....but come on! The piddling little buys showing at 0.29 distort this and, surprise, surprise, show real buys as sells!
But MMs clearly getting large number of shares from somewhere - given the large volume of buys, you'd be expecting the SP to rise, but it's being held back. Agree with Bob about the MM antics, of course!