Https://www.thetimes.co.uk/article/54534037-9f31-4e13-bd70-813158a4da72?shareToken=a0eba221a88458d58379be9eea506a16
New Times article outlining more shareholder revolt against Allen
These “uncrossing trades” on illiquid stocks are simply used to manipulate the closing price to suit the mm’s book and influence charting. They are total BS as there is no volume and matching of trades . The price was 5.8125 bid all afternoon and they break the market to put 5.45 trade through for the closing price. Basically, it is illegal but that’s AIM swamp for you.
The real market price will open up tomorrow @ 5.8125-6.35
226250 buy @ 6 just popped up and the mm’s then bid 6 to get them back straight away as they don’t want to be caught short. PI’s duly obliged unfortunately but that means a lot of sellers have exited. Also a low UT @ 5.5 obviously means it suits their book to have a false low close and this will be up on Tuesday. This price action has encouraged me to buy more GLA
Oh well, I suppose we will have to wait for the nervy sellers to get out but it is sucking up the sells well which encourages me that the rise will be sharper when it happens. After holding for so long it really does feel like this is building sustainable momentum for a change and I won’t be selling anytime soon
That sale of 90,000 and 100,000 @ 5.6 got the mm’s out of jail as I think they are a bit short of stock and looking to pick some up. Without those sells we would be much higher and as Davey is saying, we are building a firm base here and the sudden jump to 6 bid appears to mean a big delayed buy will show up soon. Let it breathe people and we will be up at 8-10 in no time
Held this since Star days and finally I feel that the company is making steady progress and am very comfortable with my holding, adding on dips , as a solid base of orders and therefore cash flow is being built
Up 3.57% today apparently on AJ Bell😂. If only
Well they would say that wouldn’t they, meanwhile, shareholders are down 75% since the rebranding. So many false dawns with no substantial orders to show for it for years on all products. I don’t know how this can carry on unless the new backers just take it private, if they feel like the company will succeed, which they could do for peanuts at the current market cap. There are many stale longs here looking to get out on a bounce that any rally will be stopped in its tracks and the market makers know this as there are no fresh buyers to support a rally. Try selling a decent holding of say 500,000 shares and the market will be back to a penny. Who’s going to crack first? This company has simply not made products that the market wants to buy