The RSI is overbought, may test 15p or under again before it goes back up. Nothing goes up in a strong line so if PI's can bank profits, that is fantastic.
As long as a placing is not announced at 10p or less as was done previously in February, we are good to go. Last placing was at 40% below market price-mates rates probably.
The placing at 6p was mostly taken up by directors and their families, mate rates placing as they knew what was coming. Looks like we could see 25p on this run. NT to buy at 15.50 but they will take 100,000 shares plus at 15.375p
46m shares in issue of which the CEO holds almost 5m shares or 11% of the company. No further placing expected until the second half of the year and the business is winning massive contracts. What is there not to like for this £4m tiddler. The market cap looks silly.
Little wonder the UK lags behind the Yanks in tech. OSI is only valued at £5m at 10p. If this was listed in the US, the valuation would easily be $100m or so ...150p plus a share! Hope to see at least 20p today. MM's playing games as usual. DYOR