RE: Boom, monday morning kicking to all left here26 Jun 2023 09:53
Being involved in many of these distressed shares that are on the verge of delisting/suspension or administration this is quite unique as the RNS is giving a more clear picture of exactly what is planned.
Even down to the fact once the administratiors are appointed you have until 4.30pm that day to get out before suspension the next morning.
It is quite unique in my experience as I say and it's and it definitely encourages traders/ gamblers [I'm one of them, but I don't hold any CINE] to continue to buy and play for a spike or a massive close of spread so profit can be made.
Interesting and it looks like it will trade this week and next and you still get a final warning to get out!!
I can see why people are buying now that the spread has closed.
If that had stayed at 40% ot was a no go area