Looks like the Market Makers used it as an excuse to shake the tree and totally over reacted by dropping the SP 12%+ While the doing a rights issue for £2M when the rest of the shares are worth £100 shouldn't really blip as the company value goes up by the amount of the new money introduced so in theory cancels out ....
There were a lot of 1M+ trades, a 4M and a 3.75M looked like someone got in and out..... why they did it in a huge chunk like that at the extra cost I dont know but hey....
We need more active Market makers21 Jan 2020 09:11
How many of the market makers are active? Quoting competitively? I heard 2? If this is the case then our SP is coming from the view of just two points of view and agendas. Can the other market makers take and interest please!
if the price blips up passed 2p soon, there will be a quite a few people selling their original stakes freeing up shares for new people wanting in.... the sp raise will bring them in like moths to a flare the MM should clean up!