Member Info for DestituteBroker

Correct me if I wrong but re the second draw down, doesn't it state that it will be available, 121 days after the initial. That means any time after & not necessarily immediately in June, if at all.

Interesting as with PMO I thought that this was long term investment selling. A one Month graph looks like a gap down but this selling was not in the pre market. Looks as though this took place on the 27th & reported the next day. Some think that WTI has peeked just above $65 & Brent just above $70, which may be the reason for the short increase. Also Russia is increasing production.

Beeshoney hi, are you in a hurry honey ? my guess is that it will be Q4 at the earliest. In part due to the low trading volume, as others have highlighted.

Hi Mat, The order book is set up in the morning with the two types of market makers. These reference prices are used by all other venues. Including after Mifid 2, the Lse's new parallel book, darkpools etc. The reason that the retail orders are not filled at that price is because they may not be routed to that venue, for price improvement & cost savings for the Broker. Interestingly on the Carillian board, posters could not understand why some sales just prior to the delisting were honoured & some not. They wrongly assumed that all orders went to the Lse & were covered by the Lse rules. This level of detail is vital to Pro traders but PI's prefer not to know & think it not relevant, as they are long term investing.

'The quality of this board' Come on. Posters don't even know the basics. How is a share price calculated. They don't know how the orders are matched & at which venues & thus can�t decipher which trades are buys or sells. How has Mifid 2 change the UK market setup ? Even for long term holders who recommend long tern holding but are trying to use the short term day-traders level 2 tool. Why would they need that ? If there were City Professionals posting on this board the subject matter would be entity different. The proof of the pudding is in the eating, how much money do posters make each Day, Week, Year or over a 10 year period with this stock or is this just a posing hobby for retirees. The issue here is that posters have no idea of how much how they don't know & that�s why they don't make money.

Good to see that after many years, posters have finally formed a more realistic view & are not just posting their internet searches. Keep it up.

Ducatti, you are correct, in this case it is irrelevant at this point in time. A more relevant & current topic is that this Weeks balance of warrant conversion took place at a VWAP of 4.17p. So it that applies to next Months conversion, the amount will be in the region of 6.5m. How will this be managed & what may the impact be ?

Question is, will there be a resource upgrade just prior to each Months warrants conversion from now on ? In which case long term holders may need to learn to trade if they want to make money on this.

Steve hi, the Monthly amount is around 6m. For February & March it�s 12m combined less the initial 9m advanced, so the balance is the amount today. This is the phase in, that I have posted about. To soften the blow & as you can see by the sp it�s worked for now. Should be nearer to 6m per Month onwards from April.

Those figures are totally inaccurate & are only guess at, as a guide, you should know that !

Yes you are missing something here. Newbies check the preceding RNS's re the pending dilution.. Enjoy the marketing & don't get carried away with fantasies.

In the new fiscal year, from April onwards you should see increased activity, as the loan payment phase in period ends.

SP 4.02 minus 15.46%. Someone is certainly selling !

Both parties have options & some control. There are a few possible scenarios that can be played out here & other players waiting in the wings. Curious to see how this plays out over the year. It�s like a slow boat to nowhere, with PI�s trying to workout how to use a sextant.

This is an issue of traded volume. Currently it is too low to off load 6m shares per Month. So other methods will need to be employed to induce buyers, timeline being one. This is why stocks can drift for Months or Years. Prop traders employed as a cheap option to disperse shares into the market, should not be confused with long term Mutual Fund investors.

What's the betting the other board members receive not far off six figure salary's too, plus expenses etc. Nice work if you can get it.

These is a stumbling block with this that we are not aware of, maybe it's the price tag ? Sansavatar hi, my only source of income is from trading, so I have to make money each Week. I have limited time to spend on this non event. Due to the dismal volume even spread trading is impossible on this stock at present. However the next few Months are going to be very interesting to see how this pans out. As I posted yesterday, it is possible that the stock will be professionally worked to produce the volume needed to off load 6m shares per Month. In that case this could become a good trading stock. To benefit from that needs experience in trading. Which is a very different concept to the buy & hold approach by investors here. Time will tell.

Economics, if you can't sell the house you have to reduce the sale price. A market cap of say �10m may get a sale & the best way to achieve that is dilution. Maybe that is one of the milestones. At least when this monkey is off peoples backs, they can then move on.

You'll never learn how to make money from these boards because it is the wrong subject matter. Not even the basics, are discussed. This is why investors here have only just realised that a companies primary reason for listing on stock markets is for cheap funding. Especially if they are unable to pay loan interest. Question is, is that new found knowledge better late than never ?

Re TO, it was said as a passing verbal comment, not in writing, of cause. Ladytrade you may get an opportunity to make some of that money back if this drops to say 2p or 1p etc, the all time low was a tenth of a penny. Then bounce�s on the PFS news but not before Months of sales. Any bounce will likely not last as there are a queue of Pro sellers waiting. Use of level 2 would be very helpful for that as other long term holders on here are trying to master. In the absence of genuine long term Pro investor�s ie Funds etc, this stock will only be short term traded.