RE: SoundasaPound7 May 2024 16:56
Let’s say someone (not KTF obviously) bought a modest £10,000 of sound shares at 50p (nowhere near the high of £1) that’s 20,000 shares and didn’t sell any they would be at a loss of £9,840 at 0.8p current price. If they then bought 3.28 million shares at a low of 0.5p they would have to invest £16,400 . Their shares at 0.8p would be worth £26,400 today i.e. break even. How many investors bought at higher than 50p but were savvy enough to buy more than 3.3 million shares when the price was at rock bottom ?? No wonder there’s so much ramping going on