Member Info for cminhinnett

I think that the 8m buy this morning cleaned out the free float for the MMs so they are now short of shares, that's why this should rise quickly if the volume continues, the spread will tighten as well IMHO.

Long overdue IMHO Troajan, although it has enabled me to add to my holding at a price lower than the CEO bought at, that sounds like a good plan to me. Looks like Mr / Mrs £5k is hungry this morning with 3 trades already.

London MLVN school reopened and welcoming students, should have seen the bottom now and fully expect a rerate in the coming days / weeks. Target for me personally is 0.50p.

Totally agree, some strong buying this afternoon, MMs ticked the Bid up to 2.00p at the close as someone paid 2.20p, nice reversal from the 1.70p / 1.90p that we saw earlier in the day.

Definitely feels like something is brewing, great intra-day reversal today

There have been alot of 100k buys in the past couple of hours, looks like someone is accumulating at this level.

As stated

I believe that all of the trades were reported correctly. I was watching the buying this morning with interest, despite the volume, the MMs dropped the Ask to 1.20p so I grabbed 246,568 @ 1.175p, very happy, the Ask then moved to 1.19p which was taken out by the 260,504 buy. Therefore the overhang created by the 900k drop should have been removed now.

Nice cheap top-up opportunity this morning, provided by the impatient person who dropped 900k shares onto the market. Already cleared with 1.284m being bought this morning, MMs playing games for a change - lol

Agreed hopingforbags, the fact that a financial market can be 'manipulated' based upon the way that trades are reported using the above / below mid price algo is scandalous. Whilst the MMs cannot 'control' how a trade is reported, they can certainly influence it as they control the printed spread, therefore mid price and also what the live Bid and Ask are.

Kiwi, let's agree to disagree. At the time, the Live Bid was 0.1053p from the other trades around it and the Live Ask was 0.1088p, they would not let 7.5m be bought for 0.1055p, lower than others were buying smaller volume at. I believe the spread moved after as the MMs knew an RNS was on the way, not because that 7.5m was a buy, but as I say, let's agree to disagree and whatever the trade was, it has been priced in now anyway ;-)

The Live Ask price has actually dropped Kiwi, however with a delayed trade, the impact of it is price in at the time it was executed, not printed. MMs, will sometimes make it look like a live trade and tweak the Spread, both stated and live. AIMHO.

That's a sell Kiwi, delayed print, check the timestamp and the prices around that time.

Some decent volume this morning and a nice bounce off 1.20p, this could be the start of the re-rate on the back of the Co. announcing break-even approaching and the obvious likelihood of an offer from Tangent given the recent management changes.

Agreed saintpeter7 and a flurry of buys this morning and the MMs have gone NT @ 1.20p, should see a nice move up from this point.

Agreed Aberdeenman, I wouldn't be surprised to see some large delayed buys as the SP seems very strong now as opposed to earlier today and late last week.

MMs have a block on to try to prevent buying - 75k shares just bought for 4.375p, premium above ask

Sometimes it is ;-) NT @ 4.30p on IG now, a very nice intraday reversal, now almost 8% up from the lows earlier today.

If I am not mistaken, we have just had a higher low circa 3.6p vs circa 3.3p on the 4H chart. Therefore on the basis that we had a decent run up to 5.2p last time, we should go higher this time.

IG are NT for any volume under 100k and then are asking 1.70p for that volume. This looks primed to move up nicely for all of the reasons previously stated. Would be great to get back above 2p and then push on towards 3p, the company is in the best position that it has ever been in and should be in the 2p - 3p range now pending further positive news.