RE: RBLIONHEART LEARN HOW TO READ16 Jul 2020 13:41
I said taking, not taken, as in "in progress", taking is future tense. The buys haven't moved in 2 hours, sells are catching up..hence taking over the price action. You really don't understand how markets work do you baraboy.
Well best of luck to you apple. Personally if I owned two homes, I'd sell one and just retire with the cash in the second. But each to their own. When it comes to ICOn though, the RNS did nothing..flat on the day, volume barely breaking 1 month average and sells catching up. But no trades in an hour. This is dead in the water. If EHGO can't shift their shares then ICON owe penalties on top of the horrendous death spiral. I'm not sure how long this ticker has left to go. Think the life raft of Joe will be being used by the BoD sooner rather than later.
Applegarth. There's two problems with that theory. First) a share consolidation doesn't help an investor/holder at all as the value of your holding doesn't change. Second) there won't or can't be a consolidation until all or at least a large chunk of the dilution is finished. And best case is were only 30% the way through the £2million. Worst case, were at the start of another 30billion to come. We need to know how the £1m loan to greencastle is being paid for. At the moment the underlying value of shares with a fixed MCAP around £1-1.2mil and at least 15billion shares to come from the £2m committed is around 0.007p. so buying now means you're paying almost double their true value.
Ok. It's highly unlikely this will ever go above 0.03 nevermind reach 0.3p. not impossible but highly improbable. And yes I post a lot I have an account, I pay monthly for so I'm going to use it. Big woop. And death spiral has at least 13billopn shares to go based on previous conversation ratios. That has been committed too. And profitable is highly questionable given the guys who created maximum and Joe were only able to produce massive and increasing losses.
I post facts and have gotten all my predictions proven right. They post outlandish nonsense about 0.3p and 300% rises that will never happen. I'm warding people off, they're trying to sucker people in. I'd say that's quite a big difference.
10am. Pump n dump over. And we barely made it to he lower end of average daily volume for the month. Ooo...yeah,...look at it go. No word on finance, notice that the RNS states they had revenue rise to 7.1mil in 2017.. so nothing since then, 3 years, and then they have the gall to try and blame Covid for maximums failure. No it's just a crap company in a saturated market. Any word on the £1milliom loan to Sefton? And 25% profit targets needed? Nope.
Careful the ramping crew, or multi accounts will get you suspended so they can ramp without resistance. And LSE allow their drivel and horrendously vitriolic language. But you post about the spread or share price movements and you're gone.
So an RNS rehashing old news. We all saw it coming with volume barely scraping over 100m past couple of days. And what did it lofty pump and dump to? 0.014-0.015....now who here said that would happen. Are yes. Me. It's dead. The spread is too wide to get anywhere and the pump and dumps are doing little. Clearly EHGO couldn't shift the last billion so they repeated the last RNS. This is just buying another failing company with money we don't have. Fortunately looks like the market is done with it. And the ramping crew working over time. 30 messages in hour and half. For a poultry 8% rise on a 16% spread.
They don't need a recovery plan. Their underlying profits were flat year on year. They made a loss from one off write downs and costs. It's not a company in trouble. It's just got a negative market sentiment, has for a few years. As a long term holder it annoys me that this solid company gets shafted by the markets, and yet some start ups that do nothing but lose money go on and on, looking at you ITM. Basically this will linger until there's a general global recovery or spending on defence and infrastructure picks up, and / or Bab reintroduce their div. They've paid and raised it every year for decades so I'm sure they'll reinstate it at some point. Maybe not this year.
With an 18% spread now is not the time to be buying. This isn't rising, it's searching for buyers to offload EHGO tranches. If they push down the bid they'll attract selling, they keep the ask where it is, theirs no liquidity to sell into. So they create a rise by lifting the ask. If they lift the bid too, sellers will stop them offloading. Bottom hasn't been reached yet. Trade by all means, but as least understand the basics.
The problem with the bidding for the FSS was that no one could meet the spec for the price the MoD were willing to pay. And the only drydock big enough to build the FSS is rosyth. Appledore should never have been closed as it was perfect for support and maintenance of Davenport. But that was viewed as too much of a threat to the Clyde yards in the face of SNP accusations. BAE are the only other real competitor for the FSS and they don't want it. Government will want it to go to a UK yard for the recovery plan post Covid 19 and for positive brexit headlines. But I don't any UK builder can match the cost to spec. So either they become much cheaper and crapper ships, don't get built at all meaning the CVS are not useable for any actual missions, just floating advertisement. Or it goes overseas, most likely South Korea.