RE: Large UT coming up2 May 2024 06:50
So the upshot of the rampers reasoning is its all "manipulation"
Heard this tosh more times than a certain leader apparantly stopping the boats, from the usual suspects.
There is no 'market' in this stock because nobody wants to sell any and nobody wants to buy it. Its really very simple and its surprising that all the (supposed) company 'experts' on here are still ignoring this fact, preferring half baked conspiracy theories instead.
Presumably the likes of Umar, Kamani, Fraser etc, who collectively hold a big chunk, are sitting still and wont sell as it sends the wrong message. a sell will clearly erode yet more confidence in this turkey and lets be honest there is none left after its 92% sp plunge, deluge of poor pr, bubble popping and multiple scandals. The stock market 'darling' BOo is no more.
So a significant amount of stock is held in the hands of 'enforced holders'. Then there are all the Pi's and other corporates that hold stock. They are, likely, sitting on large losses - like the deluded 'manipulation calling' rampers on here, so reluctant to sell out and recieve just the remaining crumbs of their investment back. They are, with exception of the desparate £50k top up queen on here, also reluctant to sink more capital into the same prospectless money sapping hole (and who would blame them) as they, in the main, dont see this situation that BOo finds itself in recovering to anything like the heady days, so rightly dont want to bung in more cash. There are clearly far far better prospects elsewhere - even safe bank accounts.
So, a significant amount of major investors cannot sell as it will crater the price further, and they also dont seem will8ng to buy any more either. And the further set of lower holding investors dont want to sell, at possibly a huge financial loss, so prefer the 'sh17 or bust' hold in hope view and wont commit more capital either.
Perfect storm thats completely destroyed any confidence in this as an investment moving forwards - the BOd screwed up with all the long continuing months of total radio silence and missed the oppo to change the ships course.
Looking forward to the 8th, hopefully they will reveal whats been spent of the RCF, but if those figures are viewed as poor then this be in trouble.