there must be a background buy between 0.65-0.7 to have shifted the Ask Price?
mm are responding on little volume just show how quick this share can still move
I’m predicting back to 1p by Xmas based on a revaluation uplift
Can’t ignore the 4m buys the last few days
at the Auditor is clear about their opinion of Fitbug "Emphasis of matter – going concern In forming our opinion on the financial statements we have considered the adequacy of the disclosures made in note 2 to the financial statements concerning the Parent Company’s and the Group’s ability to continue as a going concern. The Group incurred a net loss of £3,536,000 during the year ended 31 December 2016 and, at that date, the Group’s total liabilities exceeded its total assets by £2,038,000. The directors have prepared forecasts which suggest that there are sufficient facilities available to meet the Group’s short-term funding requirements. The forecasts assume a significant growth in revenues for the current financial year and the requirement for additional fundraising. We are unable to assess whether the growth will occur or the funds will be raised and these matters, as more fully explained in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the Parent Company’s and the Group’s ability to continue as a going concern. The financial statements do not include any adjustments that would result if the parent company and the group were unable to continue as going concerns."
ask yourself whens the last time this sp has spiked and held up??? and then ask yourself how much different is this contract announcement vs. the last one .................. 10K difference
Pump & Dump!
you have to ask yourself what are you really buying into hope? a lucky spike? miracle RNS? or .................. no news? poor year end results? dilution? suspension? there are more negatives than positives so if your looking for a gamble your better off choosing red or black in your local casino at least your saving time there!
Let's not forget that sally is still an expense to fitbug she's not there working for free and the recent small contracts don't cover it
Problem is there's nothing to look forward to apart from a suprise RNS More risk than reward IMO but in do think it may have settled at 0.13-0.14p for now
I'm not surprised I said before this could hit 13p after the placing
yep and its 500 million new shares tomorrow
I was just basing it off historical trends, the worst thing for me is the lack of communication how long are you willing to sit and wait around at 0.15-0.20p for? This share really testes your patience's
Based on the previous placing at 0.25p the Sp dropped to 0.16p that's a -36% drop, so don't be surprise if this placing falls as low as 0.13p
No different to roulette house always wins!!! If your in this share it's best to listen to some of the LTH rather than the newly spiked PI and rampers There will be another opportunity to trade this share as the placingbis now out the way my only issue is they are very poor at communication but have said they have a new communication strategy now so we wait and see Does anyone think that the last contract was already booked against last years P&L and the RNS was just to let everyone know it was for this years annual subscription for a 60k fee ....
This share takes a little time to get to know and new PI's will learn. I've been in here for over 2 years and yesterday was my opportunity to de-risk which I took. I still hold some here and may buy more if the price and time is right! You have to remember regardless of all the hype the RNS was positive and so I doubt it will hit the levels prior (0.16p) it's more likely to settle at the last placing price of around 0.25p, That's also the price the debt was converted at! The other positive is the allocation of the new advisors backs up their new communications strategy as it was very poor since Anna took over GLA
Yep the spike was an opportunity for some LTH to de-risk and take profit but you had to be in this share for a while to know how it works. This share is very volatile and can be very illiquid at times you have to have experience with this share to make a profit and not many have.
if no news closer to 0.20 - 0.25p IMO
who is the placing with?