RE: Institutions holds 89.55% share20 Jul 2018 20:17
Look I don’t tell anyone to buy, yesterday first I bought at 4p with nt for £5k then sold at 6p in 20 minutes, yesterday I bought without much research as I saw it’s looking like going to pay and it did.
However did some research last night and today and decided to buy back at lower price, and bought twice, so current average less then 3.50p.
I don’t know what’s the market going to do with price, but if you consider the institutions were paying up to 55p a share when it was WAFM, they didn’t sell any instead bought more, now the company changed to a pharmaceutical company from mineral company with the support of shareholders as per RNS(not shown here, look on website)
The institutions currently hold 89.55% of issued share capital, and they will do something to make money or get their money back, therefore Name Charged, entry to Main market, in talk for a pharmaceutical deal.
I don’t know what’s gonna happen or what they are up to, but for sure something will happen. Today board didn’t disagree with the 200% rise, that’s a good news itself.
I have seen and pretty sure you guys witnessed the same over the years, some company just kept rising and did 10 to 20 bagger without even any news over few days! with this one news expected, how it’s rising with small volume, this one could be one of them.
However I don’t predict any price, I just think it will be a fun ride which I decided to be part of!