RE: Another read ..23 Oct 2020 17:37
Savvy posted this
Many of you don't get what is going on and I have no idea why your invested.
Sp moved down from 0.0070 on the 8th September to 0.0050 on the 10th September due to an agreement reached with ii to purchase say £50 million - 10 billion shares @0.0050. that would put ii share holding around 30%. Last week it was around 27.7% so another 2.3 needed roughly 1 billion shares still needed. Due to low volumes Monday - Wednesday this could not continue our would have taken another 3 weeks. So hey we're release a RNS, not the big one, but enough to get some volume. So 4 RNSs later have been for nothing. In a normal run market these RNSs would have moved the shares plenty.
They should have just dealt with the 10b shares as I said this am, done and dusted.
Ask asking pi holding is coming down to roughly 15%. This is not normal for a share on this type of market. That 85% if long term and if you think this share will go up and down it won't, likely to be very stable and controlled.
When ii's are finished OR client numbers build the share will move. News of pilots will not move this share. The process from client selection to IM, considering due diligence is anything between 3-5 months it would seem.
This share will not move without increased client portfolio...
It will happen.... Not quick buck to be made here - I've lost 40% of investment and being honest I expected a profit by now