RE: Imaginatik-Price to Sales Ratio21 Aug 2018 22:36
Global_2017
On the London South East page above, the 52 wk low was 0.48p. I have just checked the 3 year London South East Share Chart and it shows that 18 June - 1 July 2018, the share price was 0.48p.
I then looked at the 5June 2018 RNS close to that time:"Strategic Review, New Funding, Board Changes & New Joint Broker."
It stated: "£225,000 of new funds raised. As announced on 29 May 2018, the directors began a Parallel Process to SEEK NEW FUNDING to enable the business TO CONTINUE FOR THE IMMEDIATE FUTURE. The board confirms that it has CLOSED the formal SALE process and TERMINATED all discussions with interested parties."
Comment: So the RNS is self explanatory WHY the share price fell to 0.48p - Co needed MONEY to CONTINUE for the immediate future. 2) The co wanted to SELL the co but decided it could NOT recommend any of the parties. People must have panicked at that stage.
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<><> IMTK 26 July 2018 RNS
Nothing happened from the 5 June 2018 RNS as above, until on 26 July 2018, OUT OF THE BLUE came the Vin Murria news. The share price was around 6p when the RNS hit from recall and it climbed within minutes.
Comment:
Shares dont go up or down in general due to no significant news. Hence, the London Stock Market has a chart entitled: New Analyses which shows the share chart of a co with GREEN arrows or RED arrows. Green is put on the up price and if one put one*s pointer it will give the exact RNS. This follows the accepted Efficient Mkt Theory that price takes in the said news. This is the Official London Stock Exchange page.
So, we are talking of a DIFFERENT TIME.
In the 26 July 2018, it said that VIN MURRIA LOANED THE CO £500,000. Well, from the 5 June 2018 RNS, does it not say that the co needs money to KEEP THE LIGHTS ON?
If anyone did go to Twitter as I suggested one will see that the RNS of 26 July 2018 and 17 Aug 2018: "Controlled INVESTMENT Equity" was turned into "Equity Placing" which are 2 entirely different things. If anyone has been long on the stocks, one knows that the placing bogie man is a standard acorn to spook investors. Just type into Google, Investment Equity and it gives a different meaning. In the case of equity placing, there would be A HUGE AMOUNT OF SHARES that the financial institutions will sell into the market and may in theory cause an overhang as is norm.
So, with Vin Murria, she is 1 PERSON holding the STOCK. Naturally, she wants management control so that she can carry out her plans. There is no stock overhang as such. Moreover, given that the co needs MONEY to KEEP the LIGHTS ON per the said RNS above, surely, no one can expect Vin to PAY the HIGHEST PRICE & do the WORK to build VALUE for free.
Let us hope that all the comments about Vin that are unjustified in light of the above has NOT been read by her. After all, there a