Member Info for LimpingAlong

Yep, if more shares are to be issued then a contractor taking them as payment for services rendered is a reason to be positive in my eyes.
I’m still bullish here, good news keeps trickling out, I’m a very patient man. GLA

Ok...zzzzzzzzzzz

Yeah...figured you for a joker...jog on lad.

Obvs referring to PANR there @Gusher123?

Yep we’ve been around this on more than one occasion now. It cracks me up that new names turn up trying to spread nonsense and predict doom thinking they must be the first ones to do it here. At least Pearls is consistent and comes back, all the others vanish iron thin air when the going is good again.

We are all talking about something that has happened already and there’s more than 24 hours until anyone can do anything about it (ARB-wise), but this is why you buy crypto stock, volatility, it’s constantly providing opportunities.

I don’t know mate, where’d you leave it?

This one is in the “Middle drawer” for me as i don’t think progress is going to be particularly rapid on the quantum front. The court case being resolved is something to look forward to shorter term and will tie up that loose end. I like that there is a clearer picture for the path ahead, I bought in recently and it’s still cheap now IMO, let’s see where it is mid-summer. GLA.

Very positive...Have a good weekend all.

Hahaha, maybe it’ll be Andorra!!!! God that would be the end!

Hahahaha, Turkey banned it! Oh no, quick move back to gold!...Tool.

How are you figuring that price at close J79?

Plenty going on here still.

Not my work, this is repost from @tedoby. It’s very good.

-All change!Today 06:08
So let's take a closer look at what's behind the recent decline in the SP here and see if we can make some sense of it.

The historical charts tell us that the flat lining leading to the decline very recently started around March 3rd. Since then there's been approximately 210m shares traded and up until the last two days volume has been relatively very low at an average of no more than 7m per trading day

So what's behind it then. Well there was an accelerated run up in the Market Cap prior to March 3rd as the SP followed the same trajectory as Bitcoin albeit leveraged by about 6:1. This led to a period of consolidation and profit taking. As a rough guess I'd say more than 10m shares would have been involved in the top slicing.

Then we had the placing. Not all the shares would have been flipped but I'd say more than 5m would so let's call that 6m. That would put the running total of "abnormal sales'' at 16m.

It's supposition based on reason that we've had at least one institutional seller. Timis had 40m shares and it looks as though he's been selling completely. So rounded let's say we have 60m shares that needed to be churned at this point.

There will have been a natural mix of "the grass is greener elsewhere" and new investors going on. But overall with the attraction of Coinbase and other attractions I'd say that nay have added to the total of say another 5m shares or so bringing it to 65m.

There's been others too such as shorting and panic selling. So for ease of maths let's assume that 70m shares equivalent needed to be churned since March 3rd.

As a rule of thumb Analysts will tell you that a reasonable churn to volume ratio needs to be roughly 1:3.

So on that basis given we've had a total volume of 210m since March 3rd that puts the sellers out or running on fumes.

As aptly put in an excellent post yesterday the Technicals here have been retracing from a February high of £3.40 to yesterday's low of £1.70 which was just above the 0.618 FIB retrace level. The previous All Time High of £1.30 at the beginning of January saw a retrace to the 0.618 FIB level of £0.60 by the end of January before embarking on the rise to £3.40 later in March. Indicators and on the second basis are showing the stock is now oversold.

I'm not saying the price won't dip again today. But I can assure you I'll be buying as many as I can at these levels. The sale prices of this stock are quickly coming to an end and sentiment will be changing in my view.

AIMHO-

I’ll reiterate what I said yesterday, it’s these sorts of moments where you see exactly what the ceo is made of.
I was in Dart last March and when everything fell of the cliff, the next day an rns came out saying the ceo and cfo had both bought a large chunk of shares that morning, big show of confidence, massive respect from shareholders.

Well whoever it is I like him, but he’s not having my shares.

@m1n3r, eh? You think anything said on here either way makes the slightest bit of difference to a share price?

@Saxondale, this ain't AIM

This is where I'd like to see an rns stating that the CEO has bought a ton of shares at this price...give us a real show of confidence.

@growthinvestor, relax, it’s my opinion. As I mentioned I like meaningful communication, love it in fact! Do I need to know who cuts his hair? No, but I guess that’s important to some.
Who said anything about not liking dips? It’s bloody brilliant, it gives you the chance to keep investing when a month ago it seemed these prices were long gone.
Those Q&A sessions are window dressing, personally I’d prefer a monthly update via rns than monthly vids, once a quarter for a Q&A would do me, I don’t need constant reassurance that PW is still there.
Horses for courses mate, no need for distress, too much of that around the world to add it here as well. GL