RE: RE: Bit quiet here today18 Sep 2018 16:04
Sorry BD6
I was answering the last 2 of your questions.
The end is nigh as for over 2 years I have suggested it is a matter of time before the administrators would come in. I am very surprised they raised this money especially after the failure not to raise the money requested last year.
With this in mind as I have already said it may have a little bounce and the end is nigh, if you read between the lines, a dead cat bounce is what I have said. Just in case you need clarifying that this share has lost 97% since the IPO 2 years ago:-
A dead cat bounce is a temporary recovery from a prolonged decline In a stock that is followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security. So
a temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions.
Does that now make sense after falling 97% and the BOD gave a massive dilution at a fraction of the price after ramping it with a contract, if achievable will not generate much to the bottom line per year. My estimate is £180k per year for 3 years which will not help too much in covering the £1.4m of losses.
Now I have repeated a few things and hopefully you know where I am coming from. If you continue to read, I post the bearish view to at least balance out not the bullish views, but the complete ramping views for some that got in the placing so they can flip. I am here for historical reasons as this BOD at the IPO and the philosophy is identical and controlled by the major shareholder that failed in several attempts where they encouraged those to invest unfairly and created investors with financial and emotional concerns. Yes it is the investors fault but were very misled by these people in the first place