RE: Religious fervour....8 Dec 2020 12:14
They will be hiccups along the way, but what is being missed here is the type of investors who hold Zoetic. It’s not as if nothing is known about the company.
What if those investors had met the BoD before investing heavily, and also the the first distributor holds a lot of shares.
Distributors don’t tend to buy shares in products that won’t sell.
I myself thought some of the £25+ a share predictions were off the mark / at first, however the level of buying clearly isn’t small fry PIs here. Something is up - there is clearly some smart money starting to enter the company.
There are not a huge amount of shares in issue remember, and between the distributors, the BoD etc and John Storey (will we get a further holding RNS re: John?) who will no doubt be in for the long game, that doesn’t leave too many shares on the open market, hence some MMs (and shorters!) being caught out.
I feel confident this will go to £1 soon.