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Why is the price so static?? Last week after the placing announcement shares were sold by the shed load. The price dropped by no more than 7%. Today shares are being purchased by two shed loads (170m) at the last look and the price is up by 10% or .04p.
Am I missing something. If one forward sells at today's price and have to pay on 30th November why forward sell as buying back if price rises, as absolutely evryone is convinced will happen, would mean losing their shirt.
Just a thought. With the price at .475p, the lowest for quite a few months now and all the alleged good news round the corner why such a huge sell off of shares today. Surely all these sellers are pocketing big losses with profits around the corner. Or am I missing something.
Dear Ketaluca00
I object to your language. I have just increased my stake by a further 25% but this is the fourth placing in a few years and is diluting the shareholder's investments considerably. If I didn't believe in Tomco I wouldn't have half my mortgage invested in this company. I suggest you keep your foul language locked up until we see a decent increase in the price. It's not me trolling. I am giving an honest assessment of what's going on.
I have to agree with you TC. Albeit there are a lot more shares on issue Tomco has been as high as 11p with nothing and here we are with alleged good news imminent and all we see is static or lower share movement. I can't see MMs manipulating share prices to the extent chatters are stating to assist big investors. Like you I am in big and am worried. This is mid November and no news. If things don't move in the next two weeks our goose is cooked.
With all you guys giving it with 'big jump soon and 2p next month' etc why a 17% drop today. As I've said before a nuclear physicist couldn't work out this market. Why the millions of sales if the golden ticket is just around the corner. I'm becoming very nervous.
I hope you are right Torreaguas but we've been here so many times in the past six months. Up,down, every which way and chatters all saying we'll be up to 1p, 2p, and beyond in a few days or weeks or months and we're all still in the s##t. A cure for covid is probably closer or am I becoming a manic depressive.
What benefit is there in unloading large rafts of shares at .60p. I can only think there are warrant shares still floating about as the price has hardly been much below .60p in the past few months and to make any sort of money buyers would have had to buy millions of shares. Strange. Also the positive news coming out would surely negate selling at present.
Is it possible that all the soothsayers of the past six months predicting price rises to 1p, 2p and beyond might at last be right. Or is the crystal ball about to be shattered again blasting all our hopes of making up the losses (huge in director Andrew Jones' case) incurred by the incessant placings.