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I fully agree with you Jack, I have been dabbling in the markets for over 40 years now and I have very rarely seen the SP doing better after a share consolidation. You would normally see investors losing heavily once 100 to 1 or 10 to one is done. however, when the SP gets to a very high price, and the company does a split of 1 to 10 or 1 to 100, then in most cases investors make money. so I sincerely hope, Roland will not take that route to consolidation.
Just did a dummy trade to sell 2 million, I could sell at 0.012. I'm not a fool to sell at that price. What this means is that the trades being shown as Buys are actually sells by impatient people. Bid: 11 and Ask: 12 being shown here is wrong.
I am still trying to top up, but I can't even do a buy trade for 50,000. But they are happy to take my shares at above 0.0119.
I'm not selling, definitely, I'm not selling. My shares are locked away and I have lost the key.
Wanted to top up today, but can not do it. I can sell at 0.1176 but can not buy even a small number. I think the MM's are seriously short of stock. I'm not selling, mine are locked away and I don't know where the key is.
Just had a look at the message board of Uk Oil & Gas. Gosh, over 300 messages on a Sunday. All we have here for SYN is only Sausageonstick's one message. I wonder what is in the pipeline for UKOG tomorrow and over the coming days. I hope we can have 300 messages next Sunday and a rocketing SP next week.
I have been a very long-term holder, I do have faith in Roland, but in my opinion, doing a placing at 0.08 with warrants attached, was a little foolish, when the buy price at the time was over 50% higher. Today the share price has nosedived, a very sad day for us all long-term holders. I was tempted to top up today but got cold feet. I am a little concerned at this level, in case it keeps going down further toward the placing price.
Also, the other worry is, how long the money raised from the placing will last and then what? Another placing at 0.08 or even lower?