RE: Trading15 Apr 2021 08:12
Yep. There are a lot of lies, spin and deceit. Trolls doing everything in their power to get people to sell. That Jax said before I filtered him that mast would drop 50% on open and it’s up circa 25%.
The sticky point here is the warrants at 0.4p which have 3 weeks to be converted. Likely a lot will have been done over past few days. That does provide a pretty big resistance point as a warrant holder can’t convert below that if it’s a flip.
They will however be cancelled in 3 weeks, or the worst case scenario is the company is more cashed up from this level.
MAST looks like it will continue to do well. Paul Venter has £2 million in and it’s a very sticky float. Kibo soon will have to mirror the % stake in mast otherwise the valuation discrepancy is too crazy.
Of course shares work on supply vs demand. That’s why kibo down and mast up.
Kibo has a finite share supply from the warrants but also good demand which means this warrant overhang should be chewed any time.
Mast has good demand but no supply of shares so should keep doing well which only strengthens kibos hand too.
Win win I would say