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I guess holders are holding to get the cheap share allowance and some buyers reckon the buying price, once discounted with allowance of cheap shares, is worth it. Wait for the drop once the shares are allocated.
Along with the weekly SP update a message:
Chief Financial Officer recently bought UK£76k worth of stock
On the 13th of January, Martin Ive bought around 1m shares on-market at roughly UK£0.066 per share. This transaction amounted to 66% of their direct individual holding at the time of the trade.
This was the largest purchase by an insider in the last 3 months.
Martin has been a buyer over the last 12 months, purchasing a net total of UK£105k worth in shares.
OK I'll bite today. Reason being, in the big scheme of things I agree. (Shock horror!) I too would have preferred to have a good return of a 3 bagger back then than wait. It was all rumour but Ken pretty much confirmed the offer and that major shareholders, IE VS, would not accept it. Then you claim it's looking dodgy now - this I disagree strongly with. We have Magna happy to pay 11p a share because they know what is over the horizon. We are fully funded to profit which could be in the next 12 months if we land one more big order or an aviation contract. What's more, as well as the Magna mirror, we are embedded in more chips than Harry Ramsden. It's been a long haul but it is looking very much like we could get a great deal more than 18p.