RE: Any Ideas30 Aug 2019 17:02
Will, I think it's inevitable we were going to get a repeat of the previous short action - rinse and repeat stuff really. I think the company is sound. OK it uses an accounting method that many don't like but is legal, they make money out of their successes and can absorb their losses. A NASDAQ listing would boost credibility compared to AIM and also the BUR link to Guernsey. The problem for this company is that it did stick out like a sore thumb, big success for an AIM stock, BoD grown super wealthy on the profits and a novel way to raise funding and 'account' for itself. I think the BoD became complacent as they had made some good gravy. Their rebuttal to MF/MW was strong and the BoD buying was helpful but they do need to get their AR53's in gear now with some firm changes and perhaps expedite some of these changes and start shining some positive light on themselves. The HL sell-off and bizarre diatribe on their blog hasn't helped, it's done more harm than the dumba55 Canaccord Genuity downgrade. I think HL just pooed themselves because of what happened with Woodford so they are prone to overreact but they blog was totally necessary, I think they wrote the blog to justify selling for a loss within 2 of the 3 funds that had BUR exposure - think of it as a distraction technique to their own wobbles. All IMHO.