But in reality you can often sell higher than the bid, which is why I ignore it. If it were a FTSE 100 stock then the published spread usually corresponds to the buying and selling price, but on AIM the actual trade price usually falls somewhere in between. The spread here is also exacerbated because we’re at such a low SP so a difference of 0.05p equates to a spread of 25%. Not the case at a higher SP.
Couldn’t agree more. Unless the company actually manages to deliver something first I can’t see how they would manage to get any further funding. Could you imagine if this was on Dragon’s Den?