The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I would have thought that the possibility of a positive trading update, realisation of the deals already mentioned, chance of winning the Maxwell case, the likelihood of Tesla's challenge succeeding and the possibility of a buy-out as a safer option to a court decision would make it a very interesting punt depending on ones risk/reward assessment and stomach for such a thing. A lot of institutions thought it worthwhile? Are you on the right ticker Mucker?
Top of the list is I think we deserve that trading update. Then maybe Mucker revealed his client's (MC) hand when he said he couldn't envisage the price going over 2p. They bought everything available on the wave below 2p, the Newlands, OS and the herd rode that up to 2.4, then lots took a nice profit up to 50% and why not, and the price dropped (as per Mucker, but not to 1.3, couldn't envisage that!), now MC buying again up to 2. No idea, but it would have been a nice plan and it would have worked. Who are MC? And, lastly for now, anyone seen David Newlands and OS in the same room at the same time? Now for the cricket.
Friday's rise was demand led. Somebody or somebodies wanted a lot of shares and drive the price up and some that had bought in the lower 1 p including those that bought at The 1.3p sale took advantage. Feels too big for a pump and dump. If it is Tesla then it could be fun. If it is also some other body trying to hold off Tesla it could be great fun. Interesting that the rise on Friday was forced down to stay below 50% on the day. Guess we will know soon enough. What will be more interesting this or the ashes?