Member Info for MikG

Well, my point was two fold- the part re market makers on AiM and how they operate is fact. Any insight to the city or medium of research will corroborate those points.

The second re sale was in response to people asking for a buyout. That was certainly not stated as fact, like the first part, which is why I eluded to the SIGNS being there. No crystal ball required; just a basic capacity to read and decipher content. It is definitely purely my opinion that a material appreciation in the share price is required before any sort of sale process could be entered, as 1,000% premiums (just to get us to 300/400m, let alone the near billion some talk of) are few and far between.

It is not against the law here. Countries like Germany, Australia, yes. On AIM, shorting is bread and butter. You buy into a company on AIM (I won't use the word invest, because anything that loses 50% in 5 months is certainly not an investment!), you are at the whim of SETS order books and MMs who make money by shafting retail. That's the facts.

Re buyout, whoever thinks this goes for 1billion is in la la land. You think Matchett et al care about getting the most value? They care about their pay (increasing), and what they would get out of any buyout. They would certainly be adding shares if they thought it was on the cusp of a 30x buyout, instead they are on record for dumping them at 16 (clearly thought they were overpriced). Anything around this price would give them a nice payout on the shares they have - which they could never sell again on the open market because they'd crater their own holdings again - plus they'd no doubt be guaranteed cushty positions that would set them up for life. The signs are all here..

Yeah, people need to be careful what they wish for. Premium would likely only value it at around all time lows seen earlier this month.. not exactly the end game investors are hoping for. Whilst Directors refuse to buy, JBER only want to short, as I've many a time, this is simply uninvestable. Nobody in their right mind will buy into something that goes down on buying, and is being shorted incessantly with a BOD that would do nothing to ignite a squeeze. Imagine this type of shenanigan were happening on a share like Versarien? Ricketts would be doing everything in his power to buy, tweet, promote / protect shareholders. These guys don't give two hoots, so long as their remuneration package keeps growing, which of course it is despite a tanking share price.

YTD it has lost half of its value, only half now left and shorters must have zero as the end target.

This has been the pattern here since the share price was 5x higher. Even when it is time for the shorter to close, the terms will be right (placing for them most probably). It is not us PIs who look after the MMs so we can only expect it to keep going down while that is the trajectory that suits the bigger players the most.

Do we think Opp are even still holding? I cannot see many Funds wanting to hold 80% drawdowns on their books, or allowing them in the first place to be honest. It's AIM, the wild wild west, so I don't even feel confident that disclosures are as they appear. If they were still carrying, why the heck wouldn't they have averaged down to take advantage, or at the very least, window dress a little?

Share price wise, than prior to the agreement. Only on this joke "market"...

Once the sells start, and buyers exhaust (who keeps buying something that doesn't go up on buys or needs days of endless buying just to stay even), then down she drops again. Classic Berenberg.

Its what this market maker does. Go back through the history of sessions and you'll see they just stagnate the ask, get themselves net short, and eventually force it down when a sell or two inevitably comes through.

Not just this share - generally their modus operandi across much of the market. AIM has been much the worse for their addition to the rosters on a number of shares.

Bidding war? Scarcely a repricing of value on the news - can’t even hold blue at the moment, let alone a relief rally. Maybe hostile takeover incoming since it would be a very low price to take out the remainder!?

Market makers have allowed Ganfeng to get this for a complete song (anyone who thinks otherwise when a 1.25bn NPV project 30% stake goes for 20m, needs a serious think) - and now with finance secured, the reason this share is in the 20s/30s and not 60/70s, they still keep the share price suppressed. This should be an instant re-rate now that finance and expertise has been secured.

Radio silence across the board is strange. Not even an Instagram story or anything remotely engaging since May 9 it seems (results announcement day). Find it very odd since judging by their corporate expenditure, someone is probably being paid a small fortune to manage their social media (ineffectively, based on follower count and engagement IMO).

Ordinarily I would get excited and hope there may be some positive developments going on behind the scenes, but unfortunately this is the sort of share that preparing for the worst serves much better and will be the course I take on this odd development.

Look at Berenberg, still at it for Merian. Uninvestable until they clear off.

Needed just to get back to last week's share price. Utter crock of sh*te of a share.

Maxdba - with the MM that runs this book, it doesn't work that way. It works by taking buy after buy at a price higher (creating a net short position in the knowledge you won't raise the ask, and will force the bid/ask lower), then wait for the million print at a lower price to cover and net off your book.

Its really bordering uninvestable the way it currently is. Constant delays, minimal releases, management overcompensation and sales much higher, bloated-looking board and team for a co not even a £40m mcap now, broken promises on timelines, MM who just sits on the ask no matter what buys come in and WANT it lower, and in complete freefall since 18p.

Not even the hint of an institutional investor coming in or seeing value is another massive red flag. The fact that current IIs are already about 85% down says it all.

This all seems to hang on a takeover, and with the way JBER act, it feels like it is being walked down to lowball that. Look at the constant blocks of 100k sells hitting the bid.

What does everyone think the plan is here? Flush this down as far as possible for a cheap takeout?

Can't see how management will care if it goes for a song - they are taking over a mil a year from the company, sold near the top, and regardless of what they still hold, will no doubt be well recompensed during any takeout, irrespective of price. Would also tie in with the slow release of apps, content, other platforms etc - drain the price, then release all the good stuff once its gone for a song.

Conspiracy theory I know, but seeing an endless flow of block trades hitting the bid - something isn't right.

3.5m bought in a flurry + 350k sold the next day = no movement, back to square one. AIM really is just a joke market across the board. Far too many good shares in downtrends, being unjustly punished, as liquidity chases around placings and P&Ds.

Hi Acro - that confuses me. Companies house files for privately owned businesses - so not sure what that would have to do with this listed company that we are invested in. We own the company (shareholders) so don't know why they would be filed with CH prior to market release?

Just to get results would be something at this stage. Complete and utter contempt being shown for investors by not releasing them anywhere near to schedule.

Anyone thinking a second bid for MOD might be incoming? Seems to be a steady flow of positive info coming from there and I find it hard to believe it would be a one bid and done scenario.