RE: Avacta Avacta Avacta26 Oct 2020 13:19
Plenty on here are still wearing the emperor’s new clothes and dismiss the likes of global as being a cretin/doom mongerer etc. I, like Global, had previously held big. I’ve recently reduced my holding by 90% and the remaining 10% is purely just in case they do actually pull something off, which is looking less likely. The more the timescales get pushed on, the less relevant whatever they have to offer to market becomes. The price now is purely based on whimsical speculation that they may make plenty of money.
To date they have never made a profit and have only every turned over a maximum of £6m in a year - to put into perspective that is less than the number of likes PL69 gets in a week.