Member Info for davey50

Wow NT at 5.7p now

No they did not because on of the buys was mine. Somebody else is nibbling too 75k bought already this morning and that is def not me :-)) mm's having a laugh here, 500k of buys to move it up 100k to drop it back.

Don't you hate mm manipulation 1 mm sits at 5p offer and refuses to move up. I've just had a 25000 order at 5p rejected

so they clearly have nothing to offer so why not move up to a price where they will offer some stock

Good to see, why issue the news at 8am open why not 7am !

CJ.

2024 is the year of avoiding almost all Pharma/Bio's, it's quite clear you cannot trust or believe any of the numbers or cash they claim to have or the runway they claim it will last to. I had quite a few Rene when that was suspended and I thought I had a good 3-6 month safety net to get them out when they were suddenly suspended with no money and this is probably the tip of the iceberg. Avct got a lot of stick for their 50p placing but infact it was a stroke of genius raising all that money while they had the chance, most stocks prices are tanking with little hope of getting a sensible price for their next funding, infact most need a miracle.

Quite a bit to digest there

Interesting they are not filling those buy orders in auction now. So somebody wants to buy at 10.9p but will not pay 11p in the market, just 0.1p difference. Just 50k of buys today and of course that did not shift the 2 mm's on offer

Yep nothing left on offer now not even 25000 at 5p

Late buying and rally on L2 and stock is vanishing fast online so nice late push before the close

It had to recover some ground it's trading well below NAV and potential and still is. Full offer 27p to buy now online

Well one mm left at 25p then 27p, only warning is the NMS is 300 which is a joke, they might fill of kill say 5000 but it's risky to have huge positions

It cannot stay at 23p for long with Atom adding 2-3p a day atm, especially when they have assets miles in excess of current market cap. I mean 30-40p is sensible target but longer term it should be 50-100p, at least some have spotted this now

Reading the Advfn thread that might apply to another investment they hold.

Piperpeter9 Mar '24 - 22:46 - 97 of 100

0 2 0

PUGUGLY.

You need to check out the RNS 5 Sept. 2023 to be up-to-date, "Proposed Sale of President Energy Holdings UK Ltd".

"The sale will enable MEN to be free of approximately US$33 million of third party debt which sits in the Argentine Company. This will leave the only remaining financial debt in MEN as a long-term and interest free loan currently standing at US$12.1 million, with a maturity date end of December 2025 and capable of extension if the parties agree".

At the time of this RNS (5 Sept. '23), basically the Company (MEN) owed to Peter Levine US$12.1 million (interest free!), and the Argentine Company (owned by President Energy Holdings UK Ltd, and basically now owned by Peter Levine) owed to MEN US$13 million plus interest.

The balance being that MEN were actually owed more than it owed (approx. US$1 million).

This money (US$13 million plus interest) is now being repaid back to MEN, as you will see from the very recent RNS's (US$1.28 million having been received by MEN over the last few months).

As chris cat has pointed out on the trader's thread, what is owed and what is owing pretty much cancel each other out, meaning that MEN is, on balance, currently net debt free.

Hope this helps.

Pp.

2.2 mil delayed buy 0.6p did the job and took the size out of the market

And the usual uncrossing trade at full offer so the price is showing down when infact it is now up does it never end :-))

Wins giving it a push but I can still get 150k at 11p online

I've traded TRAF before can be good but they have a ton of liabilities so the very low market cap means nothing except it does not take much trade to move it up then down

Market makers are taking the mick. NT at 0.6p earlier on no trade, they are awash with shares, 600k uncrossed in auction at 0.5p I bet that was one of them too, this is what they do, buy it all up as people sell lower and lower and then spike it and offload it all for a huge profit. I'm just miffed I never got a slice at 0.55p will not pay 0.62p+ to line their pockets but of course I still hold stock from way higher but do not pander to their games and greed

Still loss making though, tax rebate helped them if I have read that right. Much improved results, seen that so many times

stock goes mad for one day as the traders all pile in then 2 days later this will be fish and chip paper dead as they all move on and maybe in a weeks time that will be the best time to buy in if you like the story.

Maybe mm's trying to get some stock back they sold at 11p but 55k at 10.8p and 74k at 10.9p, can 11p offer hold out this morning ?

It's the market Roger, stocks spike and everybody piles in and then they go dead and everybody piles out they drift and drift and most trades are sales and then bang out of nowhere they spike again. People are selling at 0.55p yet the same people were probably happy to buy at 1.2p+ a few weeks ago.

I'm not selling it's well past the point of that now, but I'm watching when to buy the next lot. 1 mm left at 0.55p so heading lower first