It is frustrating indeed, but I intend to hold on for a while yet. Things are in the pipeline. Presume results on Monday and maybe some positive comments then.
Yes, the shares were higher on the pre-close RNS and results out in 2-3 weeks. Good updates on more than one collaboration possible or even likely if you re-read that RNS. Quite possibly the shares could be 1.5 by end of March.
10 March 2017. Directors sold 2,350,000 shares between them at 225p per share following Interest from institutional investors. Not long ago PVG had nearly £3m in the bank.
I can’t find the relevant RNS but there were substantial director sales near the all time high two or three years ago. That was not long after some institutional money went in. Now they are basically saying that they don’t want to buy the business at today’s price. I reckon this will go below 25p. I did hold this a while ago but glad I sold when I did. Kept watching as thought I might buy back but can’t see myself buying until it is debt free like it was a couple of years ago.
RE: Pre-close Trading Update - Revenues up 50%16 Jan 2020 07:54
I am certainly no expert in this technology but it seems to me that MSYS will be providing a vital link in a chain in a fast expanding market. I see parallels with Ocado where the market looked at their sales figures and scoffed but then actually they made it by selling their systems and technology.