Member Info for Kingalf

Scoobydoo321 - The previous stake holders, Griffiths being one of them who didn't participate in the new placement are looking to get out completely, they wouldn't have purchased any extra at 8p. Yes they are selling at a loss, but what you'll probably find is that they have made an overall profit on their portfolio, by selling their under performing shares they are crystallised a loss which will reduce the amout of capital gains tax but also achieve their aim of exiting form a company they no longer wish to be invested in. Best time of the year to do it hence the relentless selling.
Alternatively as per my earlier posts, someone has a possible inclining that the trial will be unsuccessful and are selling in advanced, I think my first example seems a lot more plausible and fits in quite nicely with what is going on, and with that I mind the selling doesn't seem so illogical. IMHO

The simple reason that these are not going up is that previous holders i.e Mr Griffiths are still dumping their remaining stock.

Or me :)

I was going to wait for 6.65p but decided to pull the trigger today.
Looking for a 20% return.
Seems oversold and a bounce is brewing IMHO.

Someone knows something, and as usual the shareholders are the last to know.
Expect bad news in the coming weeks IMHO

Forgot to add
But having mentioned it if you are looking to make a 20% gain on Lloyds shares you cant go too wrong buying at this level as they will definitely get to 50p in the next few months.
IN MY HONEST OPINION

Ontarget, you really need to read posts rather then just skim them. The gap comment for Lloyds was seeking clarity of the actual gap from other punters. The chart software I use does on occasions give a false reading.
But having mentioned it if you are looking to make a 20% gain on Lloyds shares you cant go too wrong buying at this level as they will definitely get to 50p in the next few months.
Im glad you spotted the down trend in Evgens price and now acknowledge that 0 is a distinct possibility.

Getting ever closer to the 6.65p support.
You lot should really start listening to me rather then rubbishing all my posts.
I've been right so many times now

You clearly weren't looking ontarget

https://www.thisismoney.co.uk/money/markets/article-3272838/MARKET-REPORT-Liverpool-based-drugs-firm-Evgen-Pharma-expected-leap-junior-AIM-than

Funniest quote from the October 2015 article was "should leave its IPO price of 37p miles behind when dealings get under way on the junior AIM market next Wednesday".
5 1/2 years later they are still beating the same drum and eagerly burning through their cash pile by employee unnecessary staff.

I wouldn't put to much emphasis on this article from online mail, they've been talking this company up since 2016. I think the STAR trial results are going to be disappointing hence the continued selling. Just like the share placement some have been given a steer on this and are selling ahead of the results IMHO.

I was wondering why Schroders had reduced their holding only to increase it again.
I think its probably to do with funds within the company which track ftse 250 having to buy Morrison shares to reflect their new listing.

If there is good news from the latest trial, I'd be peeved that they didn't wait for the results and diluted the shares at a rock bottom price. This brings me to the conclusion that maybe they have an inkling that it won't succeed and it was best to lock in some funding while they still could. Minimal bod participation and current share price movement all adds weight to this possible scenario IMHO.

What makes you think that these have seen the bottom ???
Apart from if being over sold and due some kind of small correction, there is nothing to substantiate your view.

I was wondering what impact news that STAR-COVID 19 trial had failed, would have on the share price.
4 pence a share would equate to their current cash position so can't imagine it would fall much below this price.

Same old message (at least 9 months and counting by my reckoning) Moneymunch, but the price keeps dropping.
From the price action, I would argue that the the so called saps are the ones holding onto these shares .
Buy 6.65p with a 15 to 20 % return IMHO.

Massive sell orders still going through, shouldn't take long to hit the 6.65p support

I'm yet to be proved wrong Moneymunch.
In the meantime there is the odd 10% to 15% to be made here and there by timing your purchases.
Anyone expecting these to add ££££ is living in cloud cuckoo land.
The statement stating they have multiple shots on goal is a complete joke, they have one product chasing lots of ailments hoping one will stick, hence my snake oil analogy.

As per my post a couple of weeks ago, I'm still seeing a very good chance that it will test the support line going back to June 2016 at 6.65p.

2020

Just for clarity the gap was formed on the weekend 21st February 23rd in 2020.