This will ROCKET tomorrow...28 Jun 2019 00:13
Held my nerve (Bought another 25,000 today)... Stock was very tight at the end of the day, the MM's ran low... The game is over for the shorters.. This has come down a terrific way, its on a PE of about 2. The fundraiser was massively over subscribed. This was priced low as an apology to long term investors as it gives them a way out the mess as the shares have simply been way under prices, they were 12 quid 12 months ago, it is still a very profitable company. The banks are now in control, no major acquisitions for 2 years or divis, the debts will be paid down and this will not stay on a PE of 2.
Its highly realistic to see this over 2 quid, probably quite shortly.
Tomorrow morning there will be a mad scramble for stock, I suggest people who want in set their alarms as the II's wont be forward selling out for 20 percent...