RE: Less Shares Price will Jump much Higher22 Nov 2022 08:20
As JR clearly pointed out:
Yes, it’s looking very much like that will be the case each day moving forward until the BOD decide that they don’t want to pay the asking price, who knows at what price that will be (25p?) but they are the ones who want pi’s shares! So over to you BOD, how much do you really want them!? never seen such an obvious upcoming short squeeze situation like this before! Very rare situation here now where 1.5p shares suddenly became 15/20/25p shares the second the CEO disclosed that he is basically desperate for shares! And what happens when people know that someone is desperate for something that is in short supply? The price significantly increases! I’m hoping that that demand and and some point there being so few shares available for the BOD to buy will push them to over 20p in the coming days! Let’s see, the very low free float of shares here is everyone’s friend now apart from the desperate BOD of course!
Anyone who sells will find it difficult to get back in as MM will jump the price with each share movement much higher, so 4.26 jumps to 4.75 then 5.67 and onwards, trying to trade this when it suddenly shoots up you will risk not getting back in. 3 weeks of rises, less Shares MMs mark price upwards.