Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Last March you could have put your money into almost any blue chip company and at least doubled it in 10 months. This dog of a share has gone down in value.
Jet2 as low as £2.50 now £14. EasyJet, Greggs - the list goes on.
But like you say, come rain or shine, pandemic or whatever, Melody share holders don't budge (yet still consider themselves investors).
Talking of pandemics, if a company whose main product is virtual entertainment can't make money when the whole world is shut up in their houses you need to ask are they ever going to make money?
.. anyone who actually posts a figure of how much they have made.
I mean, who does that?
At 9am you said "30p close".
You also mentioned some pretty large amounts £40k and £50k so you must be well underwater by now as you must have bought at a way higher price as you couldn't have £40k or £50k worth from the IPO.
I think this will go backup short term but not to anywhere near 30p.
It's not down because of the selling. There have been a lot more buys than sells. Click on the "CBX share price" tab above and you will see this.
Whilst the stats on this site are not always accurate, they are not that far out.
As per my earlier post, this is a deliberately orchestrated drop to fill some big orders from people with big pockets who will only buy at a certain price.
Market makers aren't interested in stabilising the price because it was an IPO to keep things sensible and orderly blah blah blah. They are only interested in making money and nothing else.
It is also a fallacy that there must be a buyer for every seller. Unless you count the MM as a buyer (which they are). What I mean is some people think there must be another real person willing to buy if you are selling which is not true. Market Makers do need stock which they accumulate on their books to sell later at a higher price. They have a duty to create a market. When they do not want to do this they increase the spread to something stupid which is how they get around their requirement to buy and sell to make that market (by discouraging people from buying or selling when it suits them to do so).
Let me explain what's happened here. On big deals MMs make money on fixed commission. They get a percentage of the deal price. Say someone wants to buy £2m worth of xyz, but only if the price is right. 1% of £2m is £20,00. We could be talking 3 or 4%, depending on the share. The buyer only wants to pay 14.5p. No more. The shares are at 18p. Buyer doesn't want to pay that. Buyer negotiates a deal with the MMs. If MMs like it they drop the price to accommodate the buyer.
Note today the price did not hit 14.5p until 3.30pm. Both the £1m and £2m sales were at the same price.
Never be surprised in this game.
Companies announcing a massively discounted placing shortly after a recent (manipulated) share price rise when just a few months before they were adamant they were "OK for cash".
Prices plummeting just before a bad news RNS, rising just before a great news RNS. Leaky ship.
This is one of those moments. Prices being massively dropped to accommodate some big buys from influential investors who have a price in mind and won't buy until it gets there. Next day price rises, MMs make even more money.
MMs love the churn. Zigzag up down up down constant flow.
Ashtonclemmings, on 19th Feb you were on the Kanabo board at 35p saying
"I think this is a good place to buy more right now, its oversold on the 15min chart".
Kanabo are 26p now. Proves you don't really know what you're talking about.
Apparently these have appeared in people's trading accounts sooner than expected and because they are a three bagger many people have sold.
A friend said they are now in her Interactive Investor account but she wasn't expecting to see them until next week. They weren't there a few hours ago.
The FTSE being down over 160 points doesn't help.
...think this is a disgrace
I don't....
So buys outweigh sells 6 to 1
16.6m buys v 2.9m sells
Yeeeeeee Haaaaaaa
Not if you were in the IPO
You're deluded if you think we are disappointed at a 300% rise from 5p to 21p
22p
Primary Bid said 1st March but trading starts this Friday
See https://www.proactiveinvestors.co.uk/companies/news/942091/consumer-cannabis-company-cellular-goods-says-ipo-13-times-oversubscribed-942091.html
Bloody speech to text. Must have Sounded drunk on my last post.
Cellular GoodsToday 16:07
CBX first day of trading is Friday. Depending on who your broker is depends on when you can buy them. Some brokers will have them available from 8am. Others take a while.
I use Share Scope Pro as my stock system and whilst this is an excellent real-time L2 sysyem I was always on to them about new listings or companies that have come out of suspension not showing immediately which meant I could not get my L2 feed on them.
Brokers like Interactive Investor and HL are usually quite good whilst the banks are usually slow.
Will be interesting to see the open price. Can't see it being 6p for long.
Here's a very good article on CBX.
Also can't wait for it to have its own board so don't have to keep posting on this board.
https://www.proactiveinvestors.co.uk/companies/news/942091/consumer-cannabis-company-cellular-goods-says-ipo-13-times-oversubscribed-942091.html
CBX first day of trading is Friday. Depending on who your broker is depends on when you can buy them. Some brokers will have them available from 8am. Others take a while.
Are youse share scope pro and wyant this is an excellent realtor time system im always on to them about new listings or companies that have come out of suspension
Must be the Potential Scheme of Arrangement from Jan 25th RNS.
A ballsey move at the time saying "if FCA don't like it and it fails (is rejected) then no one gets nowt".
At least they did something to try and redress the situation.
Claims from customers of this nature are ruining many businesses. Yes, we do need regulation, but stupid people who take out a loan then later decide they don't like the terms and want compensation should be .....
Resulting situation on the date on which threshold was crossed or reached 4.59% shares plus 0.61% through financial instruments so have 5.20% total.
A sizeable chunk.
Institutional buying usually always a good sign.
Dated Today
Research led by Public Health Scotland found in the fourth week after the first dose, hospitalisations were reduced by 85% and 94% for the Pfizer and AstraZeneca jabs respectively.
So Pfizer 85% effective and AstraZeneca 94% effective.
See link below
https://www.bbc.co.uk/news/health-56153600
It would be insider information. Simple as that.
Anyone who works for the company who posts information that's not in the public domain would immediately be fired.
It ain't the sales manager. It's Someone who has created a Twitter account to try and increase the price of the shares. They are now seriously underwater which is why they are starting to Tweet again.