Member Info for JohnHenry

PYUECK in case you hadn’t the small cap market has been in a bear market for nearly 18 months. Valuations are very low at present across all sectors. The bull market will return and imho POLX will be one of its shining stars.

There maybe a few large holders reducing their holdings, combine that with the traders and sell on the news brigade it’s hardly surprising the reaction to yesterdays transformative news has been muted.

May i suggest you research yourself rather than rely on other peeps to do it for you.

Testing the opening gap

to see which major shareholder has been dumping stock these past 3 days.

Looks like they are going to have to raise another £1,000,000 as they have only put aside 125,000 from the recent funding, whereas they state in the FUNDING RNS they require 1,125,000

And where’s the $1m dollars coming from on completion of the acquisition, PRD haven’t got the cash yet.

Ocelot they’ve still got to pay for the warrants if exercised

that they were paying down debt. Comfortably meeting the hedge, absolute twaddle.

Surprised they’ve managed to raise any funds in this bear market. Let alone at a discount of just 11%.
My beef is with the statements and answers to investors questions that appear to be far from actual reality.

Only getting a tad above placing price. Hopefully clear before spud, which imho will be in the new year.

Wetdream imho the buyer this morning was a punter, looked at the risk and then sold.

RT003 Indices spiked higher due to lower US CPI data.

well the 100ks are certainly piling out early doors.

exiting, delay was expected as mid december being Thursday was fast approaching on no news.

£10 Million Market Cap.
Legacy sellers still dumping stock at any price ??

12 million sterling MKT CAP would appear decent value going forward.
However with further potential lock in selling and concerns over debt repayment, price could have a lot further to fall.

Capitulation?

Worth remembering the FTSE 100 is not technically in a bear market.
However the small cap world most certainly is and has been around 14 months.
Bear Markets typically run for 12-18 months. Imho 2nd quarter 2023 will start to see brighter times.

Nothing any small cap company can do in a bear market. Ben is no different to any other company that delivers positive news and is hit by a wall of selling.
No one in this market is buying and holding. Small cap company are finding it near impossible to raise funds.