Why I bid for a bunch last night.15 May 2021 12:23
My belief is that backing small pharmas on AIM is the same as gambling in a casino. That's why I don't bother researching the ins and outs of the product because I'm convinced it's all binary - win or lose, black or red, heads or tails. I've had a run of luck over the last fortnight, starting with a small win on the lotto, and receiving several k tax free lump sum from a pension I'd forgotten about , amongst other things, so when we were offered stock at 40p I jumped at it, and I'm sorry if my actions forced them to shut early and people missed out!* I based my decision mainly on my run of luck, and also on the last fund raiser at 8p.
"The £1.5 million PrimaryBid Offer was fully taken up. Due to high demand, the PrimaryBid Offer was oversubscribed and closed early." That quote was from 23rd Dec 2019. The SP started that week at 9p and finished on 15p, a nice little earner. I'm hoping that will happen again, and if it does I'll take my profits. Obviously I don't know if I'll receive my full allocation and I won't have the actual shares until June, but I'll just flog an equivalent tranche from my current holding.
Now that I've put down in black and white what I've done, it will no doubt all go **** up and I'll lose a packet, but hey ho! That's what gambling is all about! Don't bet more than you can afford to lose, when the fun stops, stop, and so on! GLA!
*My little joke - obviously I didn't invest such a large sum as to affect the market!