The real facts...25 Jan 2021 06:00
The Riddler mentions a late reported TRADE which was printed at the end of the day Friday, then claims it as a BUY because that supports his ramping. No, it was a trade. Shares were SOLD and bought, so It was reported as a TRADE. One that was done at an earlier date and the detail witheld. It could have taken place any day earlier in the week, or over several days. There's nothing to be understood save that 1.25m shares changed hands with an average value of just 1 penny.
The print shows 1,250,000 volume at £0.01p which the Riddler claims to be £3,000,000 in value. Clearly it isn't. But let's not let the facts and simple maths get in the way of a good ramp.
Then the claim of it it being the largest trade of the last (sic) 12 months with a link... not to any proof of the claim but a direct link to The Riddler's own Twitter feed. Where, needless to say, you will find even more ramping.
That goes with all the rest of the claimed (but generally misleading) 'facts' but absolutely no reference to the clear warnings the company has published or the precarious state it has found itself in during recent years. (The chart is witness.)
Instead The Riddler prefers to imply that a few bits of general housekeeping means that the company is about to throw a whole bundle of money at shareholders.
Whereas the company is saying it doesn't know when, and even if, it may receive any money, it still has some day to day expenses, so it is being cautious and preserving what little cash it has.
Incoming cash was always erratic and not guaranteed and the company is now saying that, due to several circumstances, that is even more so the case at the moment. That is a warning.
The s/p went to 13p a few years ago because of people were induced to think that the company was about to 'get rich'. It turned out not to be so.
Sensible investors will see the real picture.
Just like the two turbines sat in storage, there are shareholders that have been around for many years, waiting...
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