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..many holders...hence the fall....Personally I prefer to wait until after consol before buying or if the SP continues the downward trend to buy in at circa 0.50p.
After a consol the SP is prone to falling in most cases....at the same time provides a good buying opportunity.
When they do start trading after consol the SP will be £1. Brick..
From my broker. Terms: CAPITAL REORGANISATION AND NAME CHANGE Following Media Corporation plcs previous announcement, there has been an update of additional information in regards to the Companys capital reorganisation as well as relative details and dates. TERMS: Capital Reorganisation: It is proposed that the Company combine all of the 1,304,725,034 existing Ordinary Shares currently in issue on a 1000:1 basis so that for every 1000 existing Ordinary Shares, one New Ordinary Share of no par value would be issued to the Shareholders. Relative Details and Dates: 16 September 2013- General Meeting, 16 September 2013- Record date for Share Consolidation, 17 September 2013- Expected date on which New Ordinary Shares will be admitted to trading on AIM. Further information may follow in due course. Oh well better than going into admin....be happy just to get my investment stake back... Good luck to us all. Brick...
Are you going to take a punt here? Brick...
but it is still a sticky wicket....I do not advocate selling, defo worth holding. I trade stocks and am looking to get in a lot lower...maybe I will and maybe I won't....prepared to wait as I have nothing to lose. Brick...
Fair comment.
with the Riddler..when it comes to AIM stocks this guy is top notch.....best avoided.
Yep that would make sense.
That was a delayed buy, paying 2.51p when they are going now for 2.2p...they must be kicking themselves. Again in my view sub 2p is defo on the cards. Brick...
Hi again..yes I totally agree. AHG are involved here and they are a dog of a stock and may well take SLME to task over monies owed.... Brick
Hello mate....do not see it going that low...summit will turn up but until it does the SP will continue to slide.imo. Brick...
..as Riddler forecast. However there still could be a lifeline. not that many shares in issue. Gonna wait and see if it goes sub 1.5p this week and then take a punt.....too risky to buy at the mo'. Brick...
Hi jp...Why 0.16?...the answer is, over the last 8 months or more I have been trading this stock. During that time it has only once passed 0.17p and that was not for long. 0.17p is a barrier that MDC simply cannot break..it hits it, though 0.16p is the norm and slips back to where you see it today...so I say trade it until 0.17p is firmly broken. Yes the potential for MDC is huge but why not make money while you wait... Brick..
The herd will be here next week..stay close to your screens and get out at 0.16p... Brick...
Nice to have you on board..hope you can research this stock as you have done on MTV....this is where the smart money is right?...and you're a smart guy.... Brick...
0.10.59p..pleased with that...gonna sit back and wait till it goes BOOOOOOM..[always wanted to say boom] Brick...
Brick here from MDC [gonna fly next week]....checked out this stock and am not impressed...what's with the huge spread?..Nah! not for us MDCers, we know where the real money lies. Good luck anyway. Brick..
That about sums it up....until there is more clarification then this bounce will return downward. As the week moves on 2p could be on the cards or a clearer picture from Firestone how it stands in this mess to move the SP back up.