They had already been issued. So a more cash for the coffers and a slight increase in shares. Will make no difference to the share price but will a little to the market cap.
Expecting a good week here. Looking to get over 1p
Since the breakout in July a pattern has unfolded. Four times the share price has fallen below the upper bollinger band and back to sit on the 8 DAY EMA. We are now in the fifth cycle and sitting below the upper bollinger band for the fifth day which was Friday and the start of the new up cycle. In the last week of August we were 3 days in the up cycle below the upper bollinger band before we broke out and had a rise just above 60 to 90. It took 7 days to break the upper bollinger. A similar rise again should bring us over 1p.
Buy the end of this week we should be there if the same pattern stays intact.
Break outs from tight bollinger bands that have been tight for a long period of time tend to stick to similar up trends along the course of the rerate.
227,272,727 Placing Shares to be admitted to trading on AIM. Admission of the Placing Shares is expected to become effective at 8:00 am on or around 11 September 2020.
Next week shall be interesting, hopefully all are nearly flushed.
The way market makers mess with your head. More buys than sells over the last few days. They open the spread and want you to sellas they will have to eventually open it ip to the next level.
This is the reason why patience is a big asset to have when it comes to the stock market.
Market makers play on irrational thinking / human nature. They torture us into selling.
So always remember the fundamentals and not the day to day price. The longer we stay down the quicker we go up.
Team have been working behind the scenes over the last 12 months and it seems they have progressed much further than any of us would have guessed. They are looking at new projects and I would agreed based on trades that more good news is on the way.