There was good money to be made at 8p in FUM, at 13p, it could go either way.
This stock is killing me. I've basically written off what I invested in here. Down 90% so nothing to salvage, but pretty sure ICON will never show me a positive return, and this is before the massive dilution on the horizon in the new year.
point is, I think it's FUBAR. EHGO have jumped, their 5% "floor" should still be worth more than 3% now, but isn't showing, so they've dumped the lot. Given that they would have made very little, that suggests they just wanted out. It's cost them nothing to dump and run as they didn't have to buy the shares in the first place.
I used to think that being a trader/broker meant being really clever, being able to understand ridiculously complex data analysis and maths. But now I realise they just wait for good or bad news, get the share brokers and MMs to hold the price up or down while they fill their boots. When bad news came out, none of us PIs could get in to sell above 11p, then we got locked out again down to 7 then 4p. Now there's good news, the MMs and IIs hold down the price until they get their fill at whatever price they want, and then they'll let it go.
I bought shares in a stem cell company, before these grifters showed up. The SP hasn't fallen because the company under performed, it's fallen due to dodgy selling, loans, warrants from one board member with connections to the company doing the lending. Massive dilution. I don't have myself to blame as I, like all of us here, have behaved perfectly legally, the BoD on the other hand have some serious questions to answer.
But it's not looking good. Where did the old widecell board get the money to set up a new, almost identical company? Why is there no mention from Voxi or ticktock or the others about working with Social Alchemist. How could a social media company have no social media presence at all? Who buys a company (ICON buying Social Alchemist) that has never filed any accounts at all. Who is at the board of Tab, where did it get its capital from? Who is working there now? How many times of EGHO liquidated, why have ICON not released details of any contracts, only acquisitions and every acquisition was a mate or former colleague.
There is no £1million contract. It was all a smoke screen to allow EHGO to dump stock, pay off widecell debts, allow Sefton and Unilad guys access to a huge tax right off to offset their HMRC bill from 2017. And now here we are. The money's gone. Spent on Tab and their mates' companies. No website, no contact form, no answer to the email or phone, no presence on social media of any of the board (Pretty much a must for a company in this sphere). They've gone.
yep. almost certainly forward selling. need an updated share book, see how many shares are actually in issue now. 1.8billion? 2billion? Place your bets, I reckon sub 0.04 this week. Before the company is wrapped up, BoD all move to Tab. The SocialAlchemist hasn't done anything in months, I'd be wondering if he has any contracts at all. Notice his website has no details of any work he's supposedly done for the likes of VOXI and tictoc.
gb41. MMs have to act as buyer of last resort. In the absence of market fluidity, they will have to buy the stocks if a broker places them on the market. They will however give you a crap price for them. Copshaw, I'm like you. My £5000 of shares are now worth $590. I might as well leave them where they are as I believe there may be some retrace on any good news (no where near my break even though). At this point the downside is much smaller than an upside, so let it ride. Skittish. The fact that Widecells board have somehow been able to resetablish a new company, with the same board from what was apparently a virtually bankrupt company gives us some insight into the EHGO, Sefton and setting up a "marketing company" under a stem cell companies ticker is clearly a setup.