RE: Audit delays24 Apr 2022 14:37
WouldBGatsby,
It's clear that some do not understand the basics of the law, or the listing regulations that directors must conform to. If they did, then you wouldn't need to explain to them that SMS cannot be lying about the trading update, or that the delay is not caused by anything material. If fact, SMS has said that if there was anything material in the delay then SFOR AND PWC would have had to announce it, which they have not (because no such thing exists).
I guess the lack of understanding the law also explains why so many on here think they can get away with misinformation and attempted market manipulation!
Meanwhile, SFOR was £5.50 before the delay, and has since then also signed up Estee Lauder, so the minimum people should be looking at is £5.50 plus something on top for the value of having Estee Lauder as a client, how much money that is worth per annum, and how it will attract more big name clients to sign contracts with SFOR.
As for Permian, why would they be short term when they are already a huge long term holder? They are definitely not going to dump a load of stock just because the price doubles, they are not interested in trashing the SFOR price. All they will do IMVHO is feed the market demand as needed with some of the stock they've bought recently, ensuring liquidity under high demand whilst rebalancing their fund(s). The rest of their stock they will continue to hold for the long term.