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I'm hoping those three moderate sells are someone who is out and away... Good luck to whoever they may be.
Although nuts to dump right before the expected merger and benefit to ciz.
Surely the commercial platform won't take as long as the research phase. A detailed RNS would have been great on that but it seemed to be washed over.
I'd like to have seen what the research phase delivered in terms of accurate detection Vs POC. Then see what the commercial phase had Vs the two of the other.
Crude calcs:
If you had 10k at 10p, you'd have 100,000 shares. An 80% down position.
If you had 2k now at 2p you'd have 100,000 shares.
So you'd need 12k to break even with 200,000 shares.
That's 6p per share.
If you want an exit. That's it. Obviously the more you buy lower down the lower the exit price is.
The issue at this end of the market it is flooded with traders who take 50 quid profit before fees and then run on to the next trade to lose a few hundred quid. Low mcaps are full of people you'd normally find in a bookmakers.
I believe the company needs it's name out amongst a broader set of investors.
Those of us that have been here for a long time understand the offering. Many might never have heard of us.
A couple of k... It's nothing major.
Mcap Vs outcome of what will come commercialised is far greater than worrying about who sells... That's if it is even a seller... Don't forget the shenanigans that we see this end of the market.
I think you are right...
I'm mixing up my interpretation of it with something else after doing a fair chunk of reading just now...
Effectively there is a guarantee on selling X number of shares at Y price.
For us no matter the direction as $10 is not what we paid for them. We sold rights ultimately.
If we paid $10 for them and had this option, it would be inverse for us. So thankfully that isn't the case.
Instead it's also a gain for whoever the buyer would be at current prices.
So if the buyer wants this gain on market prices, they'd be inclined to pressure us to sell. There'd be a mutual interest.