SCC06, why would they want to sell higher? they're converting, not necessarily selling? at least that is how I've interpreted it. so they wait for the low, convert the bons and get maximum number of shares. let the SP rise and sell for a profit. no?
Doubt there will be much movement on this. but it cements in my mind the long term potential of this company. This is not for day traders! this is a 5 - 10 year hold!
Thats an interesting and very logical sounding possibility. which if its correct that may explain why there hasn't been an RNS. Imagine how this would have taken off if they had announced that Tencent are doing a trial. think we would probably be in the 3's by now. therefore to keep the market steady and less volatile they've determined that the leak isn't great enough to warrant an RNS?
just my take on that...
all 6,000,000 converted been snapped up
when there's this many shares added to the market and the price stays where it is or rises, you know you've backed a winner!
Sniffer i've only seen 9,000,000 go through the last couple of days equating to 135k
have you tracked the conversions and if so are you able to give a breakdown?
thanks
Milcait, as you say this is their official facebook page linked to their website.
The image was put up today, and i enquired how i could play "Tencent Poker" on the app and (in burmese) they attempted to instruct me how to go through the menus of the app to do this.
it doesn't take a lot for a misinformed/ naive team of tech guys continuously updating a live app to prematurely include something that is quite significant to investors.
will probably find that they are linking the apps between Squar Pte LTd and Tencent
some big buys going through, just awaiting end of year results. I'm guessing people are assuming bad results because of the CEO Resignation hence the fall in SP
Lots of misleading information coming from various parties..... both ramping and deramping. this kind of volatility attracts this behaviour. try to keep to the facts and the bigger picture
Mattboy if you're worried, set a stop loss order. make sure its a good few pence less than current price to avoid it selling on volatility this will lock in profit if it happens to crash. my stop loss is set at 29.5 for example.