Clint- I suppose, probably, it was theMMs having a last crack at all the stop loss orders to pick up some cheapo stock. Hang in there, we haven’t really gained any ground from last week yet!
One would expect a statement of explanation from the BoD regarding the fall in the SP in relation to the recently improved state of the company. Or, are they hiding something bad? If so they should be sued, big time.
Averaging down? A sick joke, surely? Give me the very long term loan(which you'll get back after my demise) and I'll buy all you want ! There is something fundamentally wrong with management if they don't see the screaming canyon between the SP and the company"s present fiscal status. But we know that, don't we..?
Yep! There is no buying force to resist the MMs. They will have this SP down again soon enough. They must have made hundreds of millions with this share. Whereas other companies that have never made a profit roar away. Still a one trick pony penny AIM share ! Confidence, a proper robust plan, and credibility are what's missing.
Simply put, an institutional investor knows there is to be a 'Sword of Damocles' hanging over this share in terms of CA's time obligatory exit. I am more concerned if the CEO and CFO +CoSec remain after the AGM. That, IMO, would totally destroy any credibility and confidence remaining in this share.....
'Should', Ij, is a big word of hope. They , the BoD, better come up with a good plan, or, they and this share is toast. What are they doing all day for their fat cat salaries? Someone please tell me, what are they doing?