Confusing AGM resolution 5000:1 consolidation is part of the reorganisation ! But actually 25:1 consolidation for existing shareholders. Always a tendency for share to go down after that Corporate Action.
I just sold my remaining holding - got more than half my money back. Better than the future likelihood. A 5000:1 consolidation and non-re-emptive dilution are not to my liking ! Thanks Brighty for encouraging me to read the AGM resolutions.
Brighty1, wiped out gig, bad luck. Hope your other investments have well. I know its hard but drawing the line early days at some pre-decided -ve % is the lesson to take. Manual or stop loss set.
Thank you SportsTrader and Idiot441. That would explain the huge volumes involved. It still cannot be right that many trades are disclosed late. I always thought that the FCA had tightened the rules for transparency but it still happens a lot. I also took the opportunity to buy at these levels.
Why on earth was there at least 25 few quid trades all day ? Never seen that before on any share. Was someone doing test price trades and kept hitting buy button; LOL Or was someone trying to increase the trade volume for some motive ?
Talking about doing an EIA two years ago. It was known to be needed then. Colin H simply did not organise one when it was needed and would have made a real difference.
Clearly company fully justified in court and big award. Well done BOD ! Must be +ve but await how much is recoverable from bones of client: who will be named at some point.