Indeed CaneToad, patience is not always rewarded. and that means LTHs don't always get what they perceive they deserve. GKP is a prime example of that. Some stocks get diluted multiple times to death
So we are just temporarily down 5% in the first 30 minutes of trading. why is everyone crying... just chill this is heading north along with BTC double-whammy.
Its obvious that games are still being played out and us poor regular PIs are getting pulled around from pillar to post. Could even be a false rally and we get pulled down again on US open but UK opened as I predicted in the 140s just below 1.50p. Will rise over coming trading days imho...
@Buster_Pila "What am I missing?" Yes but another 80% (existing shares) are currently at approx £1.60p. So you have to offset that against the 20% at £1.10p
By my calculations we open at £1.50 or thereabouts. Closed at approx £1.60 yesterday. 20% new shares at approx £1.10 - is a 50p price gap. 80% of 50p is 40p. £1.10p + 40p = £1.50p Reckon it will drop a bit more into 140s on open due to overreaction and then quickly rise again BWTFDIK Ultimately its up to the MMs and wherever they want to take us.
@MysteryGuy. Not sure if SP will drop to as much as 120-130p tomorrow - that's a 25% drop no chance. Also Bitcoin seems to be recovering quite nicely today - and hopefully gets above $44k overnight. Think we could see a drop into the 140s because the recent rise over last few days has been falsely hyped and orchestrated against the dropping btc price. Don't see it staying there long though. Back into the 160s within a few trading days.
Not sure why people assume that joining the Nasdaq will automatically hike the SP... On many occasions I have witnessed quite the reverse. Over the long term I do think it will be a benefit to the company.