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Possibly as the trades have to clear...you'll have a job trading this in the few days with a 10% or 15% spread
Only just over a week to go before all the weak retail holders are gone. Tang Capital obviously feel very confident buying 3% of the shares at what must have been near the 14p mark last week or so? JMO Adyor
Rayte, you'll be lucky to get any by then as it looks like the retail investors are nearly on their way? Tang Capital mopped up 3% of the shares in the past week or so it appears, ready for the big IPO in US I believe. JMO Adyor!
Things looking very positive now, 30p by Xmas one assumes once that 5 tonnes of Cannabis plants gets harvested... Davinder and the BOD hopefully will fulfill all of those big promises made to shareholders last year....JMO Adyor
Looks like the last few PI's not wanting to hold or unable to hold in their ISA funds are bailing out judging by all the small trades going through. I'm personally looking forward to an IPO of Redx in the US within the next 12 months at many multiples of today's ridiculously low valuation. How man AIM companies at £25 million valuation have signed a deal with a major pharmaceutical company for potentially $870 million. JMO Adyor
Tang and other US investors know where this is heading after the delisting. The company has already stated that Residency will not be in the UK, so it's moving to USA, the big shareholders will be happy to see this IPO'd in US for many multiples of today's SP imho. Director loaded up three times since announcement of delisting. The Tang TR1 just shows was US investors think of this and with the $870 million Jazz Pharma deal signed recently I think the future could be bright staying the course here. JMO Adyor!
It appears only a matter of time before we see a £ multi-billion spin off it seems, the remaining shorts will be getting nervous at these levels as we saw last year it can suddenly spike by 50 or 60p in a day or two. JMO Adyor
At least Dick Turpin and most other robbers have the decency to wear a mask. The BOD should refuse to take a salary until this gets back to the IPO price of 30p (remember the shares were consolidated about 12 months after the IPO) so any potential new investors don't get fooled by the charts or current SP vs the IPO details. The value of the company has declined by over 90% since the IPO through sheer incompetence it seems, and as for keeping shareholders up to date with the so called first harvest well that's a joke. JMO ADYOR!!!