RE: Ticking Up11 Dec 2024 20:56
The way I see it is if you can trade a result, good luck to you. And it’s no loss to Mark, if he can build the labs and CLX out a bit more, he can enjoy a good income along the way and if the next raise (highly likely lower SP again unless he has a consolidation event) doesn’t get supported he can put it into admin and reverse any assets left cheap into his own business - win win.
But i don’t see it as an investment, it’s a trading punt that you need to time well, nothing more. I just feel sorry for the long term holders that were taken in and totally shafted. Even yesterday the MMs slipped some pre agreed sells in at .88 and those were likely placing holders in at .65 - that’s the game isn’t it. Same again and really the FCA should be all over these practices, some good people getting taken for a ride, AIM market stocks per sae allow it.
It will need far far more than £1.5m for sure to rebuild this from here especially with the current admin costs, I would say at least 2 or 3 times that amount. Come May they will need same again and will be back for more.
For what it’s worth @OBs comment about Mark should be reducing costs and offloading dead wood is spot on, the Administration costs here are absolutely ridiculous but he has support to continue on this basis and I can’t see the resolutions not being passed .
Anyhow good luck to you all, more important things in life for sure, have a great Christmas and New year.
Pork’s