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Note these are the average figures so the figures will likely be lowered again. Revenue slashed by 30-40m for next 2-3 years.

Likely an arranged trade. If the seller is above 3% holding an RNS should follow. Good to see a trade over 10M go through as this could mean the seller can now clear more quickly.

Big 13.95m trade just went through.

You would be surprised how many have quoted that 45p figure at me in the last few months telling me how under valued the SP is. I take your point but ultimately many do go by and trust these figures. Albeit I never believed 45p to be right.

Updated broker report 20p from 45p.

Nobody wants their products. Things could recover in H1 with GAN but how much do you trust a company that never delivers? No mention of North America venture. There must be something in the pipeline? Lombard protecting it's investment so they don't lose everything. 15p Vs 9p now. I don't see this bouncing back once sellers are done.

Well the 27% growth in H1 has been wiped out in one go. Revenue H2 49m? Brokers were forecasting 134m. Pretty dire really. Have they lost clients?

Unclear what is happening really. Janus buying then reducing 2 months later at nealy 9p less.

Canaccord selling then appear to have bought back shares? (Major shareholders page said 11.43% as of 31/10/2024). Then sold again if you go by yesterday's RNS.

Likely some smaller funds buying and selling here too. Till we get further RNS to clarify direction of holdings we are guessing really. Not sure anyone is done here yet.

Janus below 5% too now.

From my past experience they tended to sell out completely. Marlborough will have fund managers who deal. The current falling SP suggests there is a big seller here.

If Canaccord are selling they need to be well above 5m as they have 110m stock.

Till volumes hit 20-30m+ this will drift lower. Below 10p now. Could go 7-8p?

Not blaming funds. They will 100% react to share news. Canaccord have invested twice here and have been hurt by figures not reaching expectations. Of course this is not only reason funds buy and sell. For now the bigger funds here are mopping up the sold shares here.

Mr Richard Griffiths 68,361,441 7.07 (Up* 2 million)

So overall 20m shares sold elsewhere. Encouraging most big shareholders still buying here. Of course sold shares have to go somewhere.

Major shareholders page updated. 31/10/2024

Lombard Odier Investment Managers 145,587,281 15.05 (Up 4 million)

Canaccord Genuity Wealth Management 110,541,761 11.43 (Down 14.9 million)

T Rowe Price Global Investments 81,524,462 8.43 (Down 0.8 million)

Mr Richard Griffiths 68,361,441 7.07 (Down 2 million)

Hargreaves Lansdown, stockbrokers 67,628,895 6.99 (Up 9.8 million)

Interactive Investor 54,358,829 5.62 (Up 7.9 million)

Janus Henderson Investors 51,224,874 5.30 (Up 11.7m)

Dr Andrew Nelson* 46,266,881 4.78 (No change)

Hargreaves, I Investor and Janus all up 7-11m. Cannacord the big seller of nearly 15m shares. So about 34m buys vs 22m sells. Suggesting 12M shares sold elsewhere. This was last updated end of April 2024.

Blame the funds clearing out. Market forces at work here. The brokers have not updated their figures. So all we really know is the CEO has left. The numbers / forecasts have not changed.

Morningstar now show RGI UK Listed Smaller Coms B Acc as having sold 5.9m or so shares. They had 20m shares. Another possible seller here. Which might be what is happening here. Smaller funds selling out causing share to fall.

No point buying here as a fund is forcing this lower till someone will will bulk buy their stock. Odds on a new low UT close price today seem pretty high. Volumes for this price are really low. Assuming there is only 1 seller?

The US news gave a brief peak to the SP but mainly PI's getting sucked in. Without Chip Act funding that may not happen.

SP wise Like a falling knife you have to judge when it will stop or you get hurt. 10p seems likely here unless funds start buying in the 1-2m+ trades.

I suspect they require Chip Act funding from the US before they will officially announce anything. Otherwise there is no money to invest. They might do an RNS tomorrow? Of course all of this may already be accounted for by the brokers in terms of revenue. We are talking 2-3 years time? None of this will happen over night. Otherwise the share should of soared if this was new news.

Not so sure. Still a lot of automated trades here. However the buyer may be more willing at these prices if they think new leadership can turn it around. Think next TU may be Jan or just a closing statement. Pends on new contract news. Given the recent CEO departure not so sure about that.

Big risk here including further cash calls in a few months time.

Takeover not so sure.