RE: 3p possible6 Nov 2023 13:44
5-0 - you are my favourite cheerleader...so accurate ..lol
"You rarely get a share price appreciating ahead of news if that news is going to be bad, remember the accounts have been prepared, the forward looking statements made and brokers/Nomad etc etc would have access."
the SP froth is either from warrants expiring or mates of fakey buying in!!..lol .or are you saying there is "insider trading"? that is a serious allegation ..lol
"Basically insiders know what's coming and that is why the shares are rising and buyers returning."
tosh...there are 20 odd trades at present with most being a couple of hundred pounds
"Basically the underlying business is valued at near zero, "
yes because they only have a rubbish product line that is not profitable
"no cash calls required (circa £4m in the bank) last broker comments suggested the business, on a conservative basis, was worth circa £25m-£30m, the current m/cap is a mere £5.5m."
well the gov want £2.5m back - so that is a cash call.
the brokers removed their target price - as even though being paid for by the company they werent going to pretend it was worth 12p anymore
"good luck trying to get in around current levels, "
more likely good luck if you do buy - you are going to need it