Market Abuse15 Feb 2022 21:56
We have seen that PREM in the last couple of years have been targeted either by a short attack or a trading attack. Many times "Social media experts/groups" have stated buy, buy, buy only for them to sell at a profit the next day or short it suppressing the market as they hold plenty of shares between them.
This is in part GRs fault. Imminent statements, statements of no placings and buying ridiculous companies to suit his own agenda has probably created a group that dislike GR and decided to take it out on the company.
GRs infamous statement of selling Circum shares was about 3/4 years ago now, a lot of wealthy investors also lost a lot of money by heavily investing only to see SP go down and down with an Atlas death spiral and continuous placings and even a consolidation.
Prem is now an easy target for these groups and they prey on other companies acting in the same way by doing similar coordinated attacks. AIM is a cesspit in which the FCA continually fail to do anything about this abuse. They will continue to act in this way unless rules are tightened, shorts are made illegal and investors report their holding if required.
I got out of PREM last year and lost quite a bit of money myself, but deciding that PREM was poorly run and ultimately a lifestyle company that hasnt realised its potential thought it best.
PREM will make a few investors wealthy, when? I can't answer that, but there will always be that group waiting to take advantage of any weakness
I now research meticulously before investing in the wild west, but hope all the genuine holders get at least their money back. PREM was a company going places 7/8 years ago
You have to pick out the real investors and really good analysts and listen to what they say and have researched, that is a very hard thing to work out and you have to research their agendas and posts. Take traders for what they are, they are useful for indicating how an SP may react, block out the rampers/derampers and only listen to investors who post sound advice and research
So dont listen to this old fool haha
As I have said GLA