RE: Nice Post by US partner Bell Media21 Jul 2023 17:00
We keep on saying the selling is over BUT we don't know this for sure and the SP is doing absolutely nothing to confirms it's over.
They may continue next week as more bad news arrives regarding ODEY.
A] The SP is still dropping and is heading to 1p
B] ODEY still own 13% and they may be FORCED to sell ALL...Over 68 million shares !!
C] Other funds who see ODEY selling could sell too as the SP drops and may buy back later, at an obvious lower SP, IF ODEY announce they have to sell all.
D] The obvious cash burn as stated in the last RNS is certainly not helping this SP too.
PIS are bailling from this too by the looks of the sells today.
I'm in at 1.80p and I too am concerned of how this is looking.
An update from ODEY that they don't have to sell, or from the BOD regarding the SP, ODEY or the Microsoft deal would be welcome 7am Monday!!
All my own opinion on how I see things at the monent.