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Still watching the dip to top up instead of listening to your negative posts, Very hard to buy on the dip so keeping a close eye on this. Reached 8p yesterday so tells you still has a long way to go.
MM's need stock as liquidity here is low with so many shares held. M/C still very low with news to come.
A small breather here is healthy
There is always going to be a possibility of a buy out if Akzo Nobel really want ITX formula. A JV will be the last result so I think Akzo Nobel are massive players and know doubt they will take a long term view and being huge player in this market, I am placing my bets on a buy out now. If a JV worth £30M then a buy out will be worth much higher here.
Maybe this is why the BOD bought 70%plus of the company.
Read my last posts, most on here don't really understand whats happening here, BOD have over 70% company, they took most of the shares in an internal agreement of 2p each, CEO bought almost £500K worth in Aug.2018 and most of the other bod bought too. Then they announce an agreement with Akzo Nobel to be worth £30M plus.on a JV.
This give an SP over over 12p.. Markets are re-rate the sp to a sensible level. I see 10p by Friday and talks of possible further agreement here to come.
BOD's won't invest unless something big is happening. AND IT IS !!!
Our current products for non-phosphate detergents, malodour control, and hair styling have established customer usage with proven performance for large unmet needs. We have succeeded in turning interest in these breakthrough products into both a $30 million revenue potential pipeline of active projects from direct customer efforts and a growing number of collaborations with industry-leading partners in specific application areas. With these efforts, we have established product revenues in Europe and North America and expanded product use into Asia and South America.
- As previously announced, AkzoNobel completed a favourable assessment of Itaconix(R) CHT(TM) 122 and stated its intention to enter into a supply and joint marketing arrangement. We expect to have an agreement in place by December.
Look at these recent trades bought by the BOD of ITX in August 2018. No wonder these shares are tightly held and kept held for the news of the JV. Ask yourself who any other director bought almost £480K worth of their company shares...? Well these guys did and expecting huge news that will be transformation for the company.
Just look at these buys via H/L ....
Going to be a very exciting time ......I am holding till News and beyond and can see this rerate to 10P plus if not more.
5 MOST SIGNIFICANT TRADES
Date Director name Director's position Deal type Number of
shares dealt Price Value of trade Director's shares
remaining
03 Aug 2018 Shaw, John Roger CEO Regular purchase transaction 23,500,000 £0.02 £470,000.00 33,173,097.00
03 Aug 2018 Durant, Yvon CTO Regular purchase transaction 1,250,000 £0.02 £25,000.00 n/a
03 Aug 2018 Denner, Laura Group Director Regular purchase transaction 1,125,000 £0.02 £22,500.00 n/a
03 Aug 2018 Barber, James Joseph Chairman of the Board Regular purchase transaction 700,000 £0.02 £14,000.00 745,000.00
03 Aug 2018 Heslop, Julian Independent Director Regular purchase transaction 600,000 £0.02 £12,000.00 660,000.00
.
Great finish to the week. This share has held extremely well considering all the MM's tactics to tree shake off weak sellers and those not fully understanding the huge potential here. As each day goes by the sp will continue to rise and for this to move up in small trenches each day confirms the rise will maintain its course.There were 2 opportunities to buy in or top up today but the mm's prevent buys but encouraging sells to feed their order books.
I am so please we have finish on another positive rise. If any sound of news over the week end this will open up 6.5p plus
Have a good restful weekend all
Breather here well over due, to the re rate over the last week or so.
New lows today 4.4p and 5p tested earlier with plenty of buying continuing forcing the mm's to drop the sp making sure these orders get filled. Rather see small rises each day than a complete spike.
5-6p next leg
Good rise first thing, nice pattern here all the way to 5p,6,7,8,10p
Need only to rise 25% daily to keep liquidity in shares here and the mm's are playing this nicely encouraging sellers to fill orders all the way to 10p
We need sellers but unfortunately be very hard to buy back.
4.4p seem the new low therefore I anticipate close 4.7 -5.2p, This may be higher in anticipation on news over the weekend. If we get an RNS first thing Monday morning with confirmation of JV then one 6.5p plus
Agree nice tree shake by the mm's as stated previously too many buyers out there wanting these now, at least this isn't rocketing to 10p with a huge spike, 25% daily rises to 5,6,7,10p Plus will do us fine.
Remember MM's need stock only 23% in free float and if your like me holding all the way to the £30M JV then this
will continue to move northwards and re rate back to 10p plus
continue to rise, after almost a 50% fall from yesterdays high, mm's have lowered this for the next lift.
Those last 2 trades are buys on the alternative exchange so we have orders being filled with such limited stock.
I think today peeps sitting on the sidelines here after they have sold but this will be over 5p I believe by end of play tomorrow, Thats still only a M/C of £13M against an RNS stating a JV £30M worth to ITX
Nothing goes up in a straight line but to trade this now is risky and may not be able to buy back in lower. NT constantly given by the MM's at present even with these sells this morning.
We will see closing near 4p today, Can't get quote to buy any more than 20000 shares