Member Info for Darth.Trader

"Doji Wan Kenobi" … the poster had been mentioned a good few times on here by others, I hope the poster opens an account here on LSE. the poster seems to have called this correct, as with others.

jimmy, it's all my posting history, ADVFN, Doji****enobi, and it had been mentioned here by others as well. If you are going to persist in policing this BB as you did with RRL bb then can please call out other repetitive post by a poster who did such things on daily, hourly basis.....

""1:100....There is always a loss for investors in a Reverse Split. One always hears that the stock value will be the same despite whatever ratio. However, what you DO NOT hear is about the initial investment. The market fluctuates daily, so it can be unpredictable sometimes. When the market is down, unless you sell, there is no loss. Basically, you ride the wave, waiting for it to return to or above initial investment. Now, if the Reverse Split takes place BELOW your initial investment, you will receive the number of shares based on the current market value, NOT your initial investment. Since you did NOT sell, you can’t report the loss for taxes. Now, you will NEVER be able to RECOVER your losses with less shares, especially if the Reverse Split was 1:100, and if you sell now, your current shares/value does not equate to the initial investments. Now you have capital loss without you selling. Basically, it like you gave free money to the company or they robbed shareholders. Reverse Split good for the Company, bad for the shareholder.""

Previous TA had come to pass and now that the SP crossed over the 200ma in previous session it is looking to breach the lower downward trendline.
beware of the downside...

i'm sure there was a good topic on TAX on ADVFN RRL chat on Friday, think they are still discussing it..

does it mention undeclared earnings for other business ventures, shares, etc..?

1:100 had anyone looked in to tax loses, I know it's been getting discussed on other forums. Tax loses are beneficial but only if you pay tax of course, on your earnings. All food for thought.

any news related to tax court case, poster talking about Tax on other rrl forum and thought I missed news but I was just a interesting general topic about tax.

very bearish and may well start testing 0.0002 in the coming session.

The SP crossed over 50ma in recent session and is looking to cross over the 200ma.

yes, it will be an interesting day tomorrow,....

Rig sale - news due , deadline tomorrow?

Fin8108 - ADVFN.
"Other possible concern of mine. 100 to 1 consol goes through, LO deal falls through, debt still outstanding, huge dilution of new consolidation price to help restructure a further debt repayment extension"

posted on ADVFN -
1:100....There is always a loss for investors in a Reverse Split. One always hears that the stock value will be the same despite whatever ratio. However, what you DO NOT hear is about the initial investment. The market fluctuates daily, so it can be unpredictable sometimes. When the market is down, unless you sell, there is no loss. Basically, you ride the wave, waiting for it to return to or above initial investment. Now, if the Reverse Split takes place BELOW your initial investment, you will receive the number of shares based on the current market value, NOT your initial investment. Since you did NOT sell, you can’t report the loss for taxes. Now, you will NEVER be able to RECOVER your losses with less shares, especially if the Reverse Split was 1:100, and if you sell now, your current shares/value does not equate to the initial investments. Now you have capital loss without you selling. Basically, it like you gave free money to the company or they robbed shareholders. Reverse Split good for the Company, bad for the shareholder. Doji Wan Kenobi

….SP to be in a sustainable up trend. this I doubt very much will happen.

Previous levels, 0.004 had acted as support but as we know it had been breached. Therefore 0.04 had now become resistance leaving 0.003 as the new support level.
I suspect 0.03 will also be breached in the coming sessions to take the SP lower. RRL really do need to start producing a good flow of news, if the RIG sales, subjected to inspection, are not completed on time the markets will take a very negative view.
The resistance at 0.04 is very strong, any close above this level will be positive ; howiewver there needs to be substantial news flow for the

Although a reverse stock split can improve share price over the short term, it is important to remember that the market capitalization of the company has not changed. With that in mind, some experts consider a reverse stock split nothing more than a distraction to assuage investors during times of corporate uncertainty.

..Reverse stock splits boost a company's share price. A higher share price is usually good, but the increase that comes from a reverse split is mostly an accounting trick. The company isn't any more valuable than it was before the reverse split. Whatever value it has is just distributed over fewer shares of stock, thus increasing the price. A reverse split can sometimes save a stock sinking in value from a delisting.

Do RRL actually have a choice in the matter...?
It is usually a very negative sign when a company reverse splits their stocks. But how the market reacts often depends on what else the company is doing to reverse its fortunes.

If it simply declares the reverse split and goes on with business as usual, investors may see the split as nothing more than a smoke screen, and the price may go right back to falling as they sell their shares. But if the split is accompanied by serious changes in management, structure or strategy, investors may give the company more time to right the ship

Looks like the chart had now confirmed intention after some indecision the last couple of sessions.
Last Signal: SELL .
Last Pattern: BEARISH HARAMI CROSS.

Signal Update:
Our system’s recommendation today is to SELL. The BEARISH HARAMI CROSS pattern finally received a confirmation because the prices crossed below the confirmation level which was at 0.0375, and our valid average selling price stands now at 0.0350. The previous BUY signal was issued on 23/10/2019, 7 days ago, when the stock price was 0.0400. Since then RRL.L has fallen by -12.50%.
Market Outlook:
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet
Pattern Description :
This is a major bearish reversal pattern, which is even more significant than a regular Bearish Harami. The outline again looks like a pregnant woman, as with the Bearish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a white body followed by a Doji that is completely inside the range of the prior white body.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RRL.L