Market Never Wrong23 Sep 2018 13:44
The placing price of 0.37 should be the benchmark here,but remember pre news these were trading at 0.20,so some may still be taking profits from that level.
Ratification is now key here,and the likely driver for anymore movement upwards.
AIM is very fickle and many punters hold for incredibly short periods,losing patience on news void periods.
The licence saga has been going on for many years,but now the BOD believe all issues have been resolved,which means also it's not a certainty.
Not sure how long the ratification process will take,hopefully for holders not months as again on no news holders become one very impatient.
To also compare Mcaps of other companies is a red herring,why not compare to BP or Glen,that's the same analogy.
The marketet decides the Mcap given the information out there,nothing else,sometimes rampers/deramping can affect the Mcap,but as of today the market values CLON at 0.375,and it's for investors to decide whether that affords an opportunity or not to profit.
Good luck