RE: Who was right ?24 Oct 2018 12:59
Legendary,
The point is....NONE of us were right!!!! None of us predicted the share price would fall to these levels and not even Chris2 who stuck at 0.8p. We were all led to believe that September would be a news rich month. Why the company didn't feel it necessary not to RNS the fact that the Mobile Payment app had launched beats me. That was one of the key pieces of information we were waiting for official confirmation on. Instead, it gets causally mentioned in yesterday's video interview over at Proactive TV.
It does seem plausible that the share price is where it is today because the MM's have a glut of shares that they need to pass through the wash before they can get a greater control on the share price movements. They are probably hoping that the shares get swallowed up very quickly at these low levels, which I very much suspect they will.
It does in theory make us an easier target for a hostile takeover if a company out there has played their cards right over the course of this year especially. I have come to expect the unexpected with this share and if we get a sudden RNS stating that we have received a takeover bid, then I like many out there, won't at all be shocked or surprised. In fact, the way things have been panning-out during the past few months, it would be the logical next step.