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Just because institutions buy in it doesn't automatically mean the company will be successful and that they bought in at the lowest price possible. Take EVRH for example. Oppenheimer fund bought in around 16p I believe last year. The price has hit lows of 2.5p after that.
Great post ART123
That £52k delayed trade looks more like a sell. Look at other trades at that time and how the price suddenly drops.
Key point - Big Dish moved the year end from 31/12 to 31/03 thus they don't need to report financials until September.
I stand to be corrected on this...
Well that was exciting! A clear pump & dump. I believe the 40k trade was a sell around 11:00-12:00 today, hence the drop.
DYOR
Not to mention the share price has halved in a few months. Even an trading update that the company is still on track etc. But nothing.
Chrishutch - with all due respect have you actually done any research on the company? CH leaving the company was the biggest red flag. How about 3B Facebooks views in March to 1B in May... explain the drop. It has disappeared off the leader board and sat around position 40!
Barely a word from new CEO literally speaks volumes.
Before people say I am here to bring a negative spin on the company, I am not. I just wish people would research before posting.
'pile of cash' I believe they have lost substantial revenue and are burning through the cash as we speak. Now I am open to have my opinion changed however this my current view as it stands.
DYOR
Something really does seem right here. Seemed to be good support around 7p and now it's crashed through that, where is the bottom?
Two big sells at 2pm. Unless it's stop losses being hit, this isn't looking too good.
As tempting as this current share price is, it is too risky for me to buy at the same time of Woodford dumping.
Correct me if I'm wrong but Woodford's strategy is to take all AIM / unquoted stocks in his portfolio to zero and focus on FTSE 350 companies. DYOR
Check out Twitter account. My opinion has done a 180 and it looks like the company is on the up! DYOR
It looks like they are short of shares hence the premium paid on the £12k trade. Someone is prepared to pay more than current price to get volume.
I'm no deramper by any means. The share price has halved in a week and no communication. IP goes on about significant shareholder value... we're yet to see this. I believe a major contract/s has gone sour. DYOR
As predicted yesterday. Why an earth would anyone buy in after this drop and no reasurance from the BOD...
In to the 40's tomorrow? Astounded that the company hasn't realised a statement about the huge drop.
Well said Luke. I urge anyone to check out the content they're producing. I truly believe VR in education will become the primary tool to teach with. DYOR
80.50% of shares not in public hands. Doesn't take much for this to take off like Apollo 11! DYOR
Second that. This is the second great update this week. This will definitely get our name out there! DYOR
Won't be long until Facebook or another giant will buy this company out. DYOR
Question - for what reason did they leave out the service provider's name in the official RNS yet publish it on Twitter. Not everyone uses social media even in 2019