Accumulation...15 May 2020 11:54
Morning All, new here, feeling like I’m talking to myself on advfn.
‘and there is someone accumulating’... Well up to 50mil shares now, sonolenty of skin in the game. Like Mr Palumbo during his presentation , I cannot understand the valuation here. I think there may be a significant number of ****ed of former shareholders who have been diluted to next to nothing... But equally they would not be selling significant size blocks.
I have emailed the company re: the full results 2019 (which they surely have by now), which should flesh out the potential nicely.
Also noted the staff remuneration in shares stops end June 20, so perhaps some sellers to pay bills which ends soon.