something not quite right here.....15 Feb 2019 19:07
My first purchase was 19 Feb 2014 @ £4.03.Saw it go to £7.15 in April 2015. Then there was that bizarre bid @ £4 (a 40 per cent discount on the then market value) from the founders' mates and readily accepted by the them in June 2015. Fortunately for us PIs, the FCA deemed the Purchaser unfit to operate PLUS and subsequently the company has gone from strength to strength reaching its recent hiatus of £20, only to come crashing back to earth. In the meantime, the founders have sold most of their total holdings for hundreds of millions of ££££s more than the accepted offer of £4 per share. They appear to have little compassion for the plight of shareholders as they have systematically divested out of the Company. I sold out @ £13 at the end of October 2018, suspicious of the shorts reaching 10 per cent of the share capital. Does the shorters relentless pursuit of PLUS over the past 12 months suggest that they had prior knowledge of what has now been disclosed in the past couple of days? Coupled with the 'coincidental' sale of founders shares during the same period, surely this needs to be investigated by the regulators... Whilst there is such distrust of the current Board, I doubt if I would re-invest in PLUS in the foreseeable future. GLA & DYOR