minted16 Jul 2012 12:48
I'm sure LED like most companies will come good in the longer term. The point I was making is that currently either no-one is interested in these shares, i.e there is literally no demand or that the MMs here are simply ripping people off rather blatantly. The auto trading happily accepts a sell price of 0.32 but it's a nonsense because it only applies for £154's worth of shares. The MMs won't take anything off you unless you accept a 0.30p price which is pretty pathetic. The upshot of this to investors is to know that if you come in here now, it has to be for the long term because you can not get back out without paying the MMs their large pound of flesh. As shares go, it's the only one I have ever experienced this kind of "mafia" like treatment. To iterate, I can buy, automatically online, well over 500,000 of these (£2000s worth) and probably much much more at the press of a button. Yet I can not sell more than a mere £154s worth in the same way. Anyway you cut it, the MMs have clearly got millions of these they need to shift. No-one is buying, and presumably many would like to sell. GL with the long haul approach, I'm sure it will come good, just not one for me at this time.