The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Excuse the pun.. But the system is rigged!
Liberum are the Nomad. They crashed this to a level they knew they could raise funds and keep their insitutional investors happy. Those same institutional investors forward sold for the last raise and were carrying zero risk so the only people suffering are private investors.
The whole system works to extract money from private investors and puts it into the hands of institutional investors and high net worth individuals on the brokers books, who are also the NOMAD.
I'm 100% sure this will never see 1p before results..I'm struggling to see it reaching a third of that.. Its the way it's been this year.. Pi's won't risk anymore than a 20% gain.
Now there's over 3b shares floating about in week hands.. The upside on a discovery just aren't that fantastic.. Probably see it spike to 1.5 - 2p if commercially viable.. But what are the chances of that.. π₯΄
The real problem is the rig in my eyes... Its jinxed
This is a text book example on how to drive a company into administration within 12 months time.. Might be a best seller in years to come
Well done lorna.. An excellent addition for your CV..
I wonder how she will be celebrating her 40th in February.. A little kept aside for admin costs
When the Market starts to recover next year the SP will correct itself accordingly enibitably.
Lots of stocks at bargain basement prices with further funding needed but.. Not this one
If the buyers won't be enough to make the sp go up from here the company will with the continuation of the BB into next year.