Member Info for LeMajor

Provexis rings a bell. Wasn't he the guy that double crossed Dr Richard Kimble and hired the one-armed man to murder his wife?

Sorry should be "(processing rubbish)"

Have similar views Mafuta. They (MMs) do manipulate the buy/sell status either by accident or design from time to time, they can also close down the market particularly when you want to buy at the start of a run - again this is either deliberate (forcing buyers to buy many escalating small batches) or by accident (they have no corresponding sellers). We will never know which one it is, but that is the modus operandi of AIM and you either take the heat or get out of the kitchen - no point bleating about it, the darkside of the force is with them. It is worth pointing out what goes on so that newbies will be wary and take care not to get suckered - it keeps my conscience clear too - however you can lead a horse to water but cannot make it drink, so in the end they do what they will. Wombles are a distraction but as long as their area of expertise processing rubbish) is understood, the damage they do can be mitigated.
Tomorrow could be a big day - but don't hold me to it.

The bought/sold ratio is almost 1:1 which suggests to me we are/have levelled out. When there is a heavy bias, like yesterday, I am wary of MM manipulation of the midpoint. Not sure if we will see the boom this week, but would not rule it out. Assuming we are in a trough, tomorrow would be a good day to announce any HNWI activity.

The sp is like a pebble in a slingshot. Above is the golden goose, in flight. Extend and raise the right arm holding the sling, draw the pebble down, down, down to achieve maximum velocity on release, and as soon as the bird is in range, launch the missile. MMs are currently pulling it back. Release imminent.

Why would anyone with a substantial holding sell everything in one go? I am not even close to Thoths numbers, but I would sell about £250k worth at a time, and probably a similar amount every 6-12 months after that (but never on a dip). When I get to the final tranche I might leave them alone and wait for the T/o (unless it has already happened or my health dictates otherwise).
I built up my holding over half a dozen purchases, and see no real benefit in cashing them in at one go -especially if still trending upwards. Makes sense to me.

So far we have 2.3m buys and 2.3m sells - to me it is an early indication that MMs are no longer scrabbling for shares (they have re-build their reserve). So hopefully, no more volatility until the wine bar invoice hits their respective desks.
The 3-month trend line would put us at about 8.5p so we will probably see-saw our way up to that by the end of next week.
News will not be far away (2-4 weeks?) so hopefully we will be a but above 8.5p by the time it hits - especially if there is some HNWI activity to boost it (maybe end of next week if product news is due by end of Q3).

There is always a reason. In this case, following the RNS which emphasized a "steady as she goes" message, meaning quite a few things are in the pipeline for later this year or early next. as most are aware, MMs make money on buys and sells (both ends) - but make nothing if the market hibernates for 3 months. So their solution is to stir things up, first attempt panic selling, then panic buying (fomo). They can only fool some of the people some of the time, but there are enough unresearched riding the waves to put food on the table, together with a bottle of claret. You would think they would occasionally send out a tweet to thank those who have donated their shirts to help facilitate early retirement - but no, once burned they are less likely to come back to play the markets, so of no further use. The sp will probably start to rise again within a day or two - maybe 2-5% per day for a couple of weeks, but I believe we will get something positive, if not spectacular in September which will put Sar/Q4 into focus for many II's. Let us hope that it will take us beyond 10p, and keep us there until the various backroom deals start to be announced rather than just hinted.

V. clear example, T2.
The point I keep trying to make with the buy/sell indicator is that the MMs have a profit target so it does not matter to them whether the buy price is above or below the apparent Mid-Price only the difference between the actual price they pay and sell for is important. Both values can be below the published mid-point or above it which gives the impression that the selling is rampant or the buying is stupendous depending on whether they are intent on supressing or boosting the market. Caveat Emptor.

Flooding the market with shares they bought a few weeks ago is not what HNWIs do. Like I said previously, they have effectively provided an interest free loan until such time that the the company value reaches a target value which probably equates to their estimate of a take-over valuation. They already have assets worth £20m plus according to the HMRC definition of an HNWI, so they are definately not short of a shilling for the gas meter, nor are they looking for a quick return.
No point in you continuing to deramp - not enough takers to make it worthwhile for you. Maybe it's time for a new personna.

Of course it's flat, otherwise all the water in the sea would have run over the edge, and the beaches would be much bigger. Stands to reason.

James, I reckon with under 10m shares traded, very few are happy to trade at present. Certainly not me.

Whether it's just above or just below 9p makes little difference to HNWIs or LTHs. Neither will dump shares this side of 15p, and for most it will be more like 20-40p for a top slice, then hold for a T/O. It will take as long as it takes. Next RNS likely in next 2 weeks, but if not, so be it.

Respectfully, I don't think the shares entered the market so much as being eligible to enter the market. In fact I'd say they by-passed the market altogether going direct to the HNWI for cash. Until the HNWI decides to sell the shares will not be seen by the market, which is why these recent issues whilst "technically" are a dilution, are having no devaluing affect on the sp. They are more akin to an interest free loan while the shares sit on the shelf. The HNWIs will get their reward when the £2/3 takeover kicks in.

Take no notice of the buy/sell status, it is easily manipulated. The MMs hold a "float" maybe a few million, but the buys and sells have to come close to balancing each day, certainly over a week.
If the spread is say 1p and the MM wants to take a slice of 0.4p per share, they can trade in the lower half of tge 1p spread and make it kook like 2 sells or same in upper half (buys) or straddle the mid point - either way they make their money.

Maybe a Royal Warrant to supply pharmaceuticals to Buck House?

17 December 2016
High net worth individuals:
At present, individuals with a net worth of more than £20m are defined by HMRC as ‘high net worth’ (HNW)

Trrime, a bullet in the brain is fact, but the reason it gets there could be murder or mercy.
The motive here is investment capital to grow the business, not to pay off debt - it makes all the difference.
Of course, you know this. You have been around the block a few times, as have I, and your disingenuous motive is clear to all but the most naive.
As I said earlier (looks like it got pulled) ... I'd rather my coffee be diluted with Napoleon brandy than cold water.
This RNS is good news, but even better news yet to come - and soon.

We seem to peak at around 9am, then MMs drop the price, then it picks up to a similar position to the opening. If the BoD says "tomorrow" then 8:50 would be a good time (imho).

So if it is later than next week, it will probably mean they are holding it up to include something special. In which case, any delay will push the sp up.