RE: From Β£40 to pennies21 Jul 2021 06:55
I can't get my head around ...
1. there are some relatively large "buy" transactions but the price is falling
2. 683 Capital Management, LLC increased 45% its shareholding in June - why investing in a falling SP
3. IMO MTRO can't go bankrupt as it has no obvious debt BUT some of the main shareholders may have provided working capital. On Hurricane some of the top holders removed the CEO and the SP went 40% up, why not on MTRO as well?
4. the top 10 holders still have over 55M in the game, the drop since April is significant and higher than MTRO value, it would have been cheaper to make a hostile take over
5. the absolute minimum value of MTRO (ignoring the value of a UK banking licence) would be the customer base which is higher than its current valuation
I do not get it, Why Why Why