Loose holders have been shaken out these last few days - technically, on a positive trigger (or, even, indeed, on nothing more than the exhaustion of selling), the stock should be poised to bounce quite handsomely.
... people read this and and invest money and expect good advice ----------------------- No, people don't come on this board for advice, they come to read the opinion of others.
Volume's ticking over at a noticeably better rate this last week or so and is likely to improve further, as the 2 principal projects throw off more news.
The Loan Note carries no interest and allows for conversion of amounts drawn down at the option of the holder at the lower of a 7.5% discount to the average of the 3 lowest daily Volume Weighted Prices ("VWAP") (over the previous 10 days) into shares in Angus Energy ...
They get a 7.5% discount on the average of the 3 lowest VWAP over the previous 10 days, so they don't need the price subsequently to go up, but they do want to avoid it declining further.
Riverfort don't seem to be in any hurry to convert their loan. Presumably, they assume the market in ANGS will become livelier as their 2 principal projects generate more news on a regular basis.
Lots of posters do put on the board that kind of post (or its opposite, that the share price will be 0.35p by 11.30am of Wednesday next week), but that doesn't mean they gain many recommendations.