The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Also when did it suddenly become the algo’s driving this down?
First it was shorters, then SO selling, then crooked MM’s, now algo’s
I have another explanation - there are more people wanting to sell this stock than by it, for several good reasons: long term downtrend, poor sentiment, shambolic communications, money imminently running out…. Need I go on? Not everything is a conspiracy
I understand the desperation that’s going on here, I know the pain of being in this share, I’m glad to have bailed out a month ago and saved myself 50% of my investment, but all this unsubstantiated talk of a buyout is exactly wishful thinking.
I’ve heard it every day on here since I first invested and it would obviously be amazing, but they wouldn’t be buying the company out at 17p, it wasn’t long ago that somebody posted “shareholders might agree to 120p buyout price” - just absolute nonsense. On the one hand you have people predicting buyout prices of 100p+ when there’s zero indication that there are even any interested parties, and on the other hand you have people saying that todays/this weeks/this months terrible price action makes a buyout even more likely - it doesn’t.
Unfortunately this is going the way I feared it would when I invested, today the shareholders lost the majority of the hope they had left, and everyone is well aware that there’s a significant funding issue round the corner, so it could get worse before it gets better.
I appreciate you’re all in a dark place right now, but be extremely careful because although miracles do happen, this seems to be becoming more and more of a long shot as the days go by.
The spread is diabolical, it’s probably down closer to 10% but keeps jumping 10% at a time.
Not me I’m afraid :) I’ll buy back in after funding is sorted
My sales are there for all to see, me pointing out some facts and reasoning behind my sales isn’t de ramping. It seems everything that isn’t the usual BS about shorters and manipulation is considered deramping on here. That’s me done for the day now.
GLA
It wouldn’t be the first time a BoD invested at a high price. I’ve got no doubt the company is working very hard, nobody is sitting down drinking tea. But they need money to continue I’m afraid and there’s a high risk in my opinion that money comes from diluting the shareholders.
SoundsRisky - true. But if you’re to be believed, you own about 100million shares of this stock now so I wouldn’t want to see your P&L
Seems you’re buying more on every red day, and we’ve had an awful lot of red days here for the last 2 years!!
Haha StayLong I cannot deny that, the username is certainly correct, I’ve made a big loss here.
The reason I would sell here is because I think we could go a lot lower before we see this share price recover unfortunately. Just my opinion.
Here’shoping - there’s a difference between deramping to try and make the price go down, and somebody telling the truth. I’ve actually been quite honest through the entire time I’ve been invested here, I’ve been negative when things look negative and I’ve been positive when there’s reason to be.
My intention right now isn’t to force the share price down, it’s to give my reasons for selling.
I don’t think anything I’ve said is fabricated with the intention of de ramping, it’s the same stuff I’ve been saying since investing.
Crl since I bought this share, I’ve heard the following from the rampers on here:
1. It’s only going down because SO is selling
This was a particularly frustrating one, because although there was an element of truth in it, it was quite clear by early April that this was no longer a factor. And on the few green days we had, all the rampers would claim “SO HAS FINALLY SOLD OUT, ITS ALL UP FROM HERE”. Obviously the following day when we go red again, the same rampers would say “oh he must be selling the last of his shares still” - it’s embarrassing really, and completely transparent. We were promised that this share would rocket once he sold, and in actual fact it’s gone down another 25% and is still dropping.
2. The share price is being manipulated by shorters
I’ve seen absolutely no evidence of this whatsoever, I do not believe there is a large % of this stock being shorted at all. And all the talk about the Nasdaq being shorted is nonsense, the volume is so unbelievably low there that the spread is ginormous - anyone shorting on the Nasdaq would probably lose 10% right off the bat.
3. Crooked mm’s
I mean this is a common one across pretty much every chat board of shares in a downtrend. Investors want to blame anybody but themselves for their trade going south.
In actual fact I think it’s far more simple than all of the above. More people want to sell this stock than buy it, the sentiment is awful, positive RNS’s provide no relief in the share price and people are losing confidence. Most people here have lost more than 50% of their investment, they know they need to see a minimum 100% gain from here to get their money back and frankly the only RNS that can do that quickly is a takeover.
I speak from experience when I say this is the single most demoralising stock I’ve ever been in. Of the 60 odd days I’ve been invested, I’ve probably seen 10 green days and 50 red days. I’d say 56 or 57 of those days we’ve closed at least 5% below the high of day, sometimes more than 10% below. It gives you zero confidence that this share can hold onto any gains it does make.
As I’ve said, if this is taken over, then amazing - you’re all quids in. But I cannot see any evidence of that happening, just hope. Everything points to a placing in my opinion, it’s been done before down at these levels (or close enough) and it will be done again.
The funding is the big issue here, the company is spending a huge amount of money and it’s running out. After a fund raise I think the positive sentiment might come in and an uptrend May start, but we could be down at 20p by then so I’m not willing to lose another 35% of my investment.
I’m not going to come on here and deramp now, I’ve tried to be as honest as I can about this share and I still do believe that it could be a real winner in time.
But for now, I’ve sold my shares. 120k shares sold in 2 bulks (110,000 at 33p and 10,071 at 32.81p which will appear shortly)
My fear here is that we have had two excellent RNS’s and despite short term spikes, the gains have been lost within days. With that in mind, I think there will be more of the same on any similar RNS’s and the only thing that can change the sentiment here is a serious funding catalyst.
Holding out for that would be another gamble that I’m not confident about. Despite the rampers on here saying “a placing would never be done at this price”, I think that is a distinct probability and I would rather buy back in after the placing than hold before. This is all my opinion of course, and there’s also a possibility of a buy out, which would make my sale look stupid and I will have missed the boat.
But this is all wishful thinking right now - verging on gambling. The price seems cheap compared to what it could be based on the science, but also it looked cheap when I bought at 65p and there’s absolutely nothing stopping this slowly bleeding out to 20p.
Stay safe, I hope to be involved again at a power price - please do not believe the hype of the rampers here, half the reason I sold is because there are people on this board incessantly ramping and almost pretending that the price action lately isn’t a bad thing - trust me, it is. We’re in an awful market right now, we’re being dragged down by wider market on normal days and we’re bleeding out even when the market is up.
Gla all, just my opinion!
Why do you feel the need to post this shameful ramping every single day.
LBPS had 8k in volume yesterday - the price it closed at has absolutely no bearing on the DDDD price today. If it rose 10% or dropped 10% on 8k volume - literally means nothing and you’re 100% aware of this.
After a great RNS we’re almost down to the pre-RNS price within a day :) beautiful stock to be in.
I actually think days where we lose most of our gains pi.s.s me off more than red days. I genuinely can’t remember the last time we didn’t close more than 5% down from our intraday high.
Another 7% lost in a few hours today. Awful.
The thing that makes me laugh is the silly comments every day about how the nasdaq is “pulling up he share price up”
I’d say 99% of the time, at 2.30pm when the nasdaq opens, our share price plummets.
If the US Market and it’s awful volume play any part in our share price at all, it’s not a positive one.
The price action of SNG definitely gives me hope for this stock.
Just a semi positive RNS can have a huge effect, as much as 60% earlier today on SNG.
I do believe an RNS is imminent so I think we could be in for a spike, my frustration is we’ve fallen so much recently that the spike won’t be as big as it could’ve been.
Just my opinion, DYOR
Another 5% early gains lost. This share is absolutely pathetic
I bet not many of them are also down 50%+ in 7 weeks
We can’t even moan about the market today. Most of the market recovered this afternoon, we’re down 6%.
Dreadful.
There are no guarantees but obviously it’s demoralising when you see other stops dropping by 2% in a bear market and 4D dropping by 8%
Then on green days, seeing 4D 5% up and closing red continuously.
Even a 100% gain from here which is wishful thinking is barely going to break most of us even.