Member Info for Hertstrader74

Mike. You answered your own question. Why would they need to raise right now when the warrant holders have given the company 300k in cash.

Certainly promises to be an exciting ride here for the next week or so as we approach 5th Nov AGm and takeover

Quite a few to deal with here. Clearly the 17million trade was a worked sell (warrants). I am using the trades on LSE trades so may have missed a few
Ok. Here goes going on the spread and buys/sells at the time
11:53:51 2.16p 1000000 (buys at time 2.28) SELL
8:34:30 2.8p 892679 (buys and sells at time 2.8) ?
8:23:19 3.05p 1000000 (buys at time 3.3) SELL
8:19:06 3.5p 1000000 (buys at 3.5 sells 3.411) BUY
11:13:47 2.15001p 1000000 (buys at 2.185) probably a SELL
16:29:00 2.0074 2033475 (buys at 2.04) SELL
10:16:44 2.02p 1588826 (buys at 2.02 sells 1.96) BUY
8:07:16 4.7p 1500000 (buys at 4.7) BUY
8:12:59 3.6p 698854 (sells at 3.6) SELL
As discussed I think the 17m is a worked sell warrants
8:12:08 3.8p 1102337 (sells at 3.8) SELL
8:39:41 2.999p 1399189 (buys and sells same) ?
9:20:21 2.32p 1295497 (sells at time 2.32) SELL
8:18:06 3.225p 1240311 (sells at time 3.225) SELL

So the majority as you would expect having spiked to 4.7p are sells. Great volumes and can’t be many left of those 60 million warrants. I have no doubt there will be some big late trades tomorrow also

It’s just AIM mechanics. Last lot of warrants were sold and price rose to 2.2p and as clear as day the next batch have been sold (expecting an RNS) rinse and repeat till they have gone and there arnt many left so it would be quite dangerous to trade this If it dips to 1.85p to buy I will chuck the kitchen sink in

Warrants

Looks to me the next batch of warrants have just been sold at around 2.1p hence why we didn’t budge from 2.2p ask. With current volumes I can’t see there being many left

We may be held at this area or even a bit lower as clearly a fair amount of the warrants have been placed with a market maker at an agreed price to sell. Once these conversions have finished then this will fly and it will be very hard to buy in bulk cheaply

0.1211p to buy at the moment. My last top up showing as a sell of course

Good start to the day

Another 2 billion shares traded will do nicely today. Would love a close of 0.15

A great day here. Consolidating nicely and now NT at 0.12 for more than a million shares plus those huge buys worked by the market makers at 0.135p. Would not be surprised to end the day blue

With those incredible huge buys we should easily pass 2 billion trades again today

2 x 105 million and a 35 million buy. No wonder the market makers dropped it to get the sells to fill them. Huge stake

I tend to agree. I believe the tardiness of news is playing into the hands of market makers who have dropped it twice to the low 0.2s as we wait for the rubber stamp extension. It is worth bearing in mind this is pretty much a formality and it’s not like we are applying and competing for a new licence block. Clearly there have been traders selling out to chase other stocks and also some selling at a small loss as they some lose there nerve and or patience. It is likely the RNS will be intraday and there is no chance of you being able to rebuy a large position when the news is released as the market makers will sharply mark the price up and it will be NT to buy as the herd scramble to buy in. So meanwhile it’s just a case of sitting on your hands and topping up on the dips

I don’t need the money tomorrow so won’t be trading this as we have seen with the quick moves yesterday and today there will be next to no chance of buying in bulk when the licence extension RNS arrives. Market makers were still selling stock at 0.2968 despite the largish sells near close

Does not seem to be any mass selling which is positive

So is starting to move. 0.2984 to buy

One trading genius bought 1396229 shares at 8.52 and then sold them for a loss at 11.15

One thing for sure even if yesterday was another false dawn, it just shows how fast this can move when the RNS arrives and how difficult it is to buy in bulk

I suspect there is a larger buy not showing yet that caused this rise. Yes there was a 7 million after hours declared buy and a 6 million buy at 0.26 but that in itself probably isn’t enough to push it up that much. Fingers crossed for a solid blue day tomorrow and an RNS tomorrow afternoon or Monday

Oh. That’s a pleasant change to come back to Maybe just once that twitter post was correct (sic). A broken clock is right twice a day. I don’t see there being a 7am RNS. More likely 2.30 to include Canada markets Would like to see a gradual rise tomorrow before we get an RNS or this could spike 150% quickly then fall back Like I said a few times before. You don’t want to be trying to buy in bulk when the RNS is released