JM's threshold was crossed on friday, Spencer's threshold was crossed yesterday. It's 1% from one holder to another & probably nothing to read into. Does JM know something that caused him to sell? that's a different matter and pure speculation. I suspect he's weighing up that the money from the sale can be better used elsewhere in the short term. This is a long way from failure yet, even without a deal on the table, there's a lot of time to get one.
I want to believe this also that TR1 holders have some kind of insight... however, why would they not be doubling down at half the price they bought initially? Not saying it's a negative, maybe they have made their decision and are running with it.
Jmole, you're saying "nobody knows" and in the same breath you are saying it's 50/50 and infact odds would favour no deal. There's so much contradiction in what you just said. If nobody knows, then nobody knows the odds either. What's the point in even trying to put a number on it?
I think any new investor buying now is rather lucky. They haven't had to endure months underwater & will have a far batter average that all the large investors. Risk/reward... i've weighed it all up and i'm here to the end!
Companies aren’t valued on what they have in the bank. Snapchat is valued at 96 billion & has never turned a profit. SPACS are quite random but valued on BOD potential. You have a group of investors prepared to pay a certain price & that's that. Anyone who refuses to buy this stock until it’s 0.44p are simply gonna miss the boat & learn a hard lesson
flapping... what an insult, i've endured months at 0.85 you think this bothers me? you're the one making up stories about "sources" to try and inflate the price. If that doesn't scream desperation and flapping.. i dunno what does
2x 1 million & the 1.4 million were sells. It's standard market behaviour, lot of people buying 1.20+ because they thought this was going to bag asap.. when it didnt they take their small loss and get out. You think TR1 holders got rich by panic selling on 2 ticks down? They aren't even watching the sp