RE: Maybe be worth a buy again soon.12 Dec 2021 12:02
There is something in place to ward off hostile takeovers, I wouldn't classify Merc as hostile though. I can't remember what it is technically, but remember reading it a while ago from an RNS.
Heavy selling really started at the end of September.
Buy/sells have to be balanced though, mostly, so please look at the share price as an indication, rather than reported trades.
MMs move a SP about to balance buys and sells.
I have no idea if short selling shows up on IG trades.
I'd say be wary next week. Prices go down for a reason, it's not the xmas sales.
It's obvious things are tough financially right now, big bills to pay Q4, and still a court case hanging over the company, which imho, could bankrupt them again.
No or few Valkyrie deliveries in 2021 will create a massive hole in the balance sheet.
it's not as easy as saying "we'll be getting the money in Q1 instead".
Merc are in charge here, they own 10% of the company for nothing, so have nothing to lose. Soon to be 20% and anything under c.£12.60 means yet more cash needed by AML to pay Merc.
Oh to be a fly on Gregor's wall right now....