The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hopefully we'll re-test 2.4p again, either today or maybe tomorrow. 1bn shares traded and not even 10:30pm yet.
Thanks Earl. You're an honest guy with no ulterior motive at all lol
Someone's been buying 499,999 chunks for the last few weeks. Double bottom hit. Could see a rise soon. Solvent wind down with potential of RTO.
If you're wondering why people don't like you, just read your own posts Earl.
20% volume already before 9am. Placing shares over hang will be cleared fast at this rate!
Don't understand the point of the warrants. They're basically stopping the price from going any higher right now. Ditch them and this should start moving back up, especially with the recent volume.
Quite sure that Robert Hall sold his entire holding on 8th December. It was one trade, just over 3% of the company, and dropped the SP by around 40% down to where we are now. So I'm not sure that information is entirely accurate. No TR1 to confirm that, of course.
So there isn't anything left for shareholders! HL made a 'mistake' apparently π€₯. Well I hope whoever sent that email out has been fired. Probably got a promotion lol.
I wonder how many people voted for the resolutions believing the 'mistake'? π€
Lol I posted jokingly on the 8th ofJan that another placing was due as it was 2 months since the last lol I was only out by 11 days! π
Wow, I can tell the CEO has a doctorate. Like most of them, they have no empathy. And having an engineer as a CEO is ALWAYS a bad idea. He's not a business man and seems quite clueless. Will be shocked if this company continues for another 6 months.
Got to love his audacity though! Most other AIM companies usually wait for a decent rise in the price before a placing, which helps to reduce dilution and at least it gives shareholders and traders a chance to trade some before they get the rug pulled from under their feet with another raise. But not VRS, oh no!! They're special! They throw around new shares like confetti! No rise in SP beforehand. Just wide spreads and completely untradable until the next massive dilution. No wonder they get so much abuse on Twitter. He actually had the temerity to wish shareholders a happy Xmas and new year lol After a 99% fall in SP in a year, that takes quite a lot of front!
So what next? Another placing? Share reorg? Can they change the nominal value to 0.001p? Or maybe a consolidation? 100x? 1000x?
Bless you Dr Bodge! Oh I mean, Dr Hodge! You're doing doing a bang up job! Keep it up sir!! π₯ππ
Have a great weekend all!
4.5 billion shares traded since Friday, and the price is still down here. Incredible!! π
2 billion volume!! 2 BILLION!!!
ATrades - It's their game and their rules, we just have to learn to play it to our advantage. And trading it like today is one way to do that.
I suspect we won't hear from anyone who voted for the resolutions, which makes it all the more difficult to believe that the votes passed so easily. We only needed 25% to block it. I'm sure we had more than that!
Does anyone know how these things work? Is there anybody independent of the company involved in the vote count to ensure it's done honestly? Not that I'm suggesting anything fraudulent has taken place lol π
Just curious but how many shareholders here voted for the resolutions? If so, what were your reasons? Trying to figure the rationale behind it.
Resolutions passed!! Absolutely shocking! Seriously, who voted to have their money taken from them? What's wrong with you? I don't trust this result for a second!! Still no mention of any funds for shareholders I see! Unbelievable!! Oh well, that's that then! Sorry for anyone who lost a significant amount here. I hope you get something back, assuming they weren't lying! And if you voted for this, I hope you get nothing! π
Does anyone know why no FY2023 results? Aren't they supposed to be filed within 6 months of year end (June)?
Until the dilution actually happens, anything is possible π€
So what's the aim here MMs? 0.01p? 0.001p? What?
Been exactly two months since the last placing. I guess that means the next one is coming very soon. π
If Chapter 11 happens, do people believe the shares would be suspended? I know CINE continued during its Chapter 11 process. According to Google, the answer is yes.
Also, someone mentioned earlier but where is the TR1 for the 45m buyer? I wonder if we will find out who it is this week? The TR1 rules are so vague so I doubt it, unfortunately.