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https://finance.yahoo.com/news/alphawave-ip-group-plcs-lon-065534108.html
I'd be very surprised if there is any merit to these allegations of fraud. The credentials of the management here indicate otherwise.
The FT article has given opportunity to shorting which has been pounced on. Any negative speculation (for any stock), especially from a source such as FT will always be used to short. The fraud allegation creates seller's which drives the price down. The shorting drives it further and creates more fear and those still holding question their investment. Some more selling goes on and the share price is doomed to decline or remain stagnant until all is revealed. If all untrue, price will slowly recover. If not, well there'll be a lot of unhappy investors.
Distressed seller decimating the share price? Yes.
Seems all familiar to what occurred with E-therapeutics when Woodford had to jump ship.
Look what happened there after he was finally out.
Long term this is a no brainer. If you are here to invest then there isn't many other opportunities that look so promising over the next 5-10 years. Alphawaves IP will be in demand and they are leading the way in innovation for the future. Good luck to investors. Traders I hope you make a quick buck too
It's probably resident ramper GoldenGreek from twitters telegram group. Closed it out.
Blocked me on twitter for asking for a source to a quote. Pathetic.
A lot of high value trades do this. Don't know why, but if you check the trades on various different stocks after roughly 1730 then they appear!
It's a sell. SP was 2.15 at the time of the trade going through and then it dropped 10%.
Great article. The board have stabbed shareholders in the back who have supported this company throughout the years. To state they are pleased with the offer is insulting, and the fact the board are not insulted themselves by such a joke of an offer tells all. The board don't care about their investors, your support for the project means nothing and without any question of doubt they will be receiving a nice reward for getting this deal through. All at your expense.
Hope investors can block it.
The company responds to the query of nationalisation in this October 2020 presentation. 24mins 5 secs
https://youtu.be/vdt_AzQXmDY