RE: Worthless24 Feb 2024 10:56
"Never get why pi's pile in them too like they did around 2.5p, the market is awash with well run stocks with cash and profitable and people for some reason prefer stocks on their knees. Guess they thought they could make a fast buck but did not bank on the institutions doing a tax write off job selling up at 1p. Game over, this will not get rescued, buy it in administration for a fraction of the price and save all jobs, who cares about small shareholders "
Davey harsh words but I think absolutely sums it up.
The board, IMHO and] I often get them totally wrong] have released that to let shareholders out.
I totally agree that is not the norm at all but I think on this occasion that is what has happened.
It may do 10% Monday as the AIM gamblers think it will have until Friday to play around with it but I think that is all. If you go for that fair play.. we all do now and again
My advice from experience if you do is watch the spread. Sometimes it can go to 33% even 50% making it impossible to actually make profit as the sell price never tops the lowest buy in price.
Purple bricks was a good example of that and a Lesson I learnt unfortunately
Of course a few 100 quid gamble and a RNS lands to save the company could turn into 1000 very quickly
If this isn't suspended and bought out of administration all by next week I'll be absolutely amazed.
Really sorry for all here and I hope I'm totally wrong and Latino is correct with his post below regarding a buyer
AIM Is becoming a real nightmare with companies falling to administration and Placings happening every day
GLA here and all my own thoughts and experiences with AIM
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