If the price was taken down deliberately as suggested then what makes you think it will go back up in the near future?
No news has been the dish of the day here for sometime, and I don't see any thing else being released before the next trading update.
According to aim theory the price will continue to drop on the lack of news until the next update
If IOXUS are small enough, and are going to lose the case it may still be in their interest to drag it out as long as possible, thus giving IOXUS plenty of time to dispose of any monies in the business.
It is very easy in the way of wages, consultancy fees, supplying goods / services to another business you own, etc. to make the business being sued bankrupt,
It is of course pointless trying to sue a firm that has been liquidated.
TT
I saw the promise of trading update by end of this month:-
CAP-XX's immediate concern is the short term sales revenue position, and the Board intends to provide a trading update in respect of the second half of the 2019 financial year before the end of April 2019, once all relevant customer visits are completed and their short term order positions are better understood.
But no suggestion of a meeting...
Is AK going to try and placate existing investors, who have lost a large amount of money?
Why not do an interview?
Why not issue a forward looking statement?
Why not issue an RNS?
Or is there no news and no sales either?
If I thought it was only worth the cash balance, I wouldn't have bought in at 7.4 would I.
cash bal is in a$.
Cash balance ~ 12million / 184million shares... Nah, way to go yet.
I thought so @ 7.4, and got in the water. Does not appear to have found the bottom yet.
On the plus side, if the new corporate presentation is anything to go by, all is not lost.
Still falling...
Might have reached the bottom this morning, hope so anyway.
Bought in @7.45 this morning, looks to be mainly buys since then.
Any one think maybe we are being left behind?
https://www.youtube.com/watch?v=KQ2Eo6wl5r0
Jam tomorrow.
A5
Our intention is now to clean out the remaining 147 meters before evaluating the condition of existing tubing and casing replacing /repairing as appropriate prior to attempting to flow and test the well.
If it is damaged, how on earth do you get the old casing out?
If they can get the casing out, then what was the point of all that milling?
Why not just pull out the stuck metal with the casing?
We have been promised a lot of jam tomorrow here. Well there's been lots of tomorrows and very little jam. The only thing we seem to have sold is a battery support capacitor in some wearable clothing attachments.
Truck support seems to be catching on with operators buying Supercapacitors to assist cold weather starting, but we are not the ones supplying them.
Thinline described as obsolete by Murata. No detail on the deal with TDK, and a ceo who constantly tells us he has lots of enquiries, but seems unable to convert any of them into sales.
With very little in the way of sales, ongoing court cases re our intellectual property, expenditure on new machinery, and no communication from the company. The share price is heading south, and there does not appear to be anything to stop it.
I do not believe management are in cahoots with institutional investors in an attempt to take out private investors, the risks of getting caught would outweigh any benefit to management.
With no sales, and no news, there is no reason for the share price to go up. PC01 suggests a large background seller who has presumably lost faith or knows something we don't.
Maybe the intellectual property isn't worth as much as we think, if it was maybe one of the firms we are suing for copyright breach would look to be buying us out, or are they certain we don't have a case?
Steve Moore has said this is a bargepole stock for years, just another pump and dump
I would say that the market can stay irrational longer than I can stay solvent, but what if the market isn't irrational?