Power of 70 million Shares3 May 2021 08:03
Discussed this last week but it remains VERY significant:-
We only have 70 million shares in issue, circa 12% in II hands, 88% in Retail hands, 1.2% short
Shares split over two trading markets
As a result, positive news and even the smallest of run on this stock would see the share Price move up significantly. This is a VERY small number of shares in issue.
If NCYT would move to the Nasdaq and i intend to raise this at the AGM, this has been put to the company previously, it would open the door to a significant reach of investors, a market many multiples the size of the crappy French exchange we are currently listed on and the AIM put together. Not to mention ditching having to do everything in duplicate French and English.
Also if you look at our larger peers such as Thermo Fisher they have 393m shares in issue.
I would be absolutely delighted if they did move to the Nasdaq and even if they did a 5 for 1 listing and increased shares in issue to 350m to create better liquidity