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"potential large industrial scale commercial operation" and capped at less than £2m ???!!!
Well done all holders - this could easily multi-bag once word is out properly!
Thanks Wolveraim. Looks like the upward momentum has returned - AGM a week tomorrow will be interesting.
I live overseas so will not be attending, but I would be grateful if anyone who does posts a brief summary!
Just picked up another 20k at 4.49p which hasn't appeared yet, so 4.5p ASK might not last for long.
Could be last chance for sub 5p purchases...
No worries birdeye - happy to see the interest coming back too. Have seen a few small caps re-bound spectacularly recently. No reason why BLOC can't be next... and if a deal is announced it would blow the doors off current price... provided of course it's not put in suspension and buyers locked out until re-listing.
Thats the thing with cash shells, there's no pre-amble. You're either in or out when the news lands.
Its not for everyone but the rewards can be spectacular if you look at RS & JH's previous RTO successes.
I'd be delighted if something happened with Chorum, or High Growth Capital given RS's previous success with Chris Akers as per my previous post on the subject (High Growth AGM next week to confirm name change, potentially majority stake aquistion in Sentiance and market listing)
All of this is just speculation on my part, but given management's track record and the fact that most ofBLOC's market cap is held in cash, it's a very attractive punt at these levels. Ive added a few more this morning, and will continue this afternoon if circumstances allow.
One thing's for sure - if a such a deal is announced, BLOC will be trading at multiples of the current price post announcement.
Definitely some interest growing Fufighter. Perhaps the Chorum deal might be back on the table??? When that was pulled in early Feb, management cited a "lack of confidence in the London small-cap equity markets", while bitcoin was hovering just over $3k.
In the last few weeks there have been a string of triple digit one day gains, suggesting the appetite for small cap risk is back and the recent crypto bull-run has seen bitcoin knocking on the door of $6k again. Which, by coincidence is the same value when the Chorum acquisition was first announced last November.
Having seen what happened with MXO recently, it would be great to get a high profile stakeholder on board. Looks like ASK just ticked up again
If those two delayed buys from the 2nd are by the same investor, expect a holdings rns soon as would take them over the 3% threshold
Interesting article for anyone new to the cash shell / RTO business:
https://www.independent.co.uk/news/business/analysis-and-features/playing-the-shell-game-can-make-or-cost-you-a-fortune-10483885.html
Can be a test of patience at times, as often the first news investors hear about a deal is when an RNS lands and the stock goes immediately into suspension. Post acquisition purchasing will then be at many multiples of the pre-RTO price. All pi's can do is research, speculate and form their own opinion of which direction the company is going.
It's not for everyone, but sometimes the rewards can be spectacular and there are a couple of potentially exciting shells on the AIM and main market at the moment with prior management RTO success . Best of luck to all ABAL holders!
Applied behavioral science article posted on website yesterday:
https://www.sentiance.com/2019/04/29/behavioral-science/
ABAL profits moving over?
Is ABAL's rise today an MM ruse as well, AIM_Higher? If so, it's very successful - still up 75%
You never thought of averaging down, A_H?
Similarly capped cash shell ABAL is currently up nearly 80% in the past couple of hours. Maybe micro-capped cash shells are back in vogue as there is no rns to explain the ABAL rise. Understandable that investors might see BLOC as the next big-gains opportunity, especially with RTO specialists at the helm and trading at cash value...
Hi A_H, Great opportunity for you exit then, and finally spare yourself the torture of being invested here :)
Buys at full ask, bid crept up again & even the spread's narrowing! Great to see some liquidity back in here and the markets in general.
??? Have seen a few microcaps shoot up recently. Would be a great time to announce a deal as there definitely seems to be a renewed confidence in the market. Even 7DIG who have had a disastrous run of late are currently up 40%
Hmmm - few buys popping up today. A sign of liquidity returning to the small caps, or a hint of something more substantial.
Shell farm in = huge news. Today's triple digit riser????