Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Probably right. Someone certainly thinks there is reason to buy.
Something is going on here. Anyone know if a trading update is expected?
Since you seem to understand the situation better than most, can you explain
a) how RF can acquire 3 million shares at an effective price under 6p, when the shares are currently trading at 15-16p, and have at no time traded under 10p?
b) How often more can they do this?
c) If there anything that can be done to stop them?
Notable that only one of them (the smallest) paid more than 1806. So that may be the ceiling for the moment.
As for talk of a takeover, remember the CEO holds 52%. So it can't happen without him, for sure. Also he is probably irreplaceable, given the nature of the company's business.
Just this: while everything is going very well at present, the company would be vulnerable to any slowdown in trading, given the present MC.
Market cap here now over 300 million. Net assets as in last RNS, around 50 million (mainly cash).
Probably more by now, but it still puts a high value on hope and expectation.
Does that worry you at all?