Has the forthcoming patent granted RNS news already been priced in and be a classic case of sell on news or will it be a catalyst for the sp to climb to new highs?
Quite a drop from the recent highs and all we have had is positive news. But if a large share holder decides to sell then there is nothing you can do but be patient and ride it out. They can't sell forever.
Where's the negativity? One trading day since the seminar and you are disappointed? Can I suggest a little more patience. News will come when they are ready.
To buy SVNS on the cheap would require a hostile takeover. For that to happen someone would have to build a huge holding. Otherwise the board and PI's would just vote the offer down.
Well I don't want to get into a big argument about this so will accept that yesterdays selling down to the placing price and todays selling down to the placing price is pure coincidence. Whoever is selling is not interested in anything below 0.30 thankfully.
Not sure what you mean by that Tricky? Placing shares hit the market today and the selling down to the placing level of 0.30 started yesterday and has continued today.
Some nice buys now so suspect some of the placing share sells are being mopped up. Tonight's presentation should help although he won't be able to say anything that hasn't been released by RNS and is price sensitive.