RE: Lanstead13 Mar 2024 14:23
The share price is now off 55% from the intra day high of .57p reached on the 22nd January, the stock has been in perpetual decline ever since the JV RNS of the same day.
The selling is coming from Lanstead make no mistake, this fall will, once again, anger buyers who bought higher up, there are many, it also makes the CEO look very foolish because he suggested (when the share price was in the .40p's) shareholders should stick with the company it was just the start of value creative news-flow, well those that did are now materially down.
The problem is Lanstead will not be moved, they have no interest in retail shareholders BUT they have to abide by market regulation and declare their position on a timely basis, they are not doing that are they. They would have only had to sell another 38m shares to drop a further 1%, they have probably sold fives times that number.
The company should make it clear to Lanstead that timely TR1 declaration is price sensitive and should be adhered too.
ORR were quick to take down critical posts about this deal so should be equally responsive in reminding Lanstead of their responsibilities.