RE: Let's be real...31 Aug 2020 01:04
OK, I'm going to stir it up again, firstly, I'm holding come Tuesday, rns or no rns. Syme are out there on their own, they talk a good plan and if it comes to fruition, were loaded !!!. Syme did a reverse takeover of Abal and when doing so they set a price which they thought was a fair value for Syme coming to market. The big problem was what followed and that was the crash in the sp all the way down to below .05. Now, no one took much notice when this happened and why would they, because the only investors were those who still had Abal shares, which they had probably written off a long time ago. Now, why did this happen ?, I don't know, its the market and those close to it are the only ones who know the reason why this happened. (People allowed to load up cheap, market makers creating a market for Syme shares ?, who knows)....the question now is what happens now !!. I think a lot of time and effort has gone into bringing Syme to London and they intend to stay (the reason why I'm hanging on here ). The big question is where is the sp heading and where will it settle, now I'm hands up here in saying I haven't got a clue, but I reckon 1.5 is not out off the question in the short term and if the Bod can bring in the deals as more companies wake up to what they are offering then who know where the sp will end up. GLA.....