The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Wasa, you are most likely right.
I only said it was a possibility given what 3 companies said last week, ie difficult market conditions to raise money blah, blah etc
I think anything is a possibility, they are obviously not finding the negotiations easy.
Given all the comments about deceit etc, one possibility given what's happened at 3 companies over the last week is that it will be taken private given that the cornerstones can pass any resolution as they own 51%.
As they keep driving the price down , given that they are such honourable fellows they will offer the 49% 1.5p per share and then take it private co, complete the project as a 3 some and then float it at a later date at the height of the next commodity boom. Now that would take the biscuit
For Rover & Lawrence `s sake, I would there was a glimmer of hope in that RNS.
If they were going to fold they would haven't done it today.
If there is a deal , then yes there will be massive dilution, but that's what happens with placings.
In fact the announcement today may have been done to get the placing price down to 1p .
Any new investors need a low price .1p may well be the price to pay to get them on board .
Don't be under an misinterpretation this is all being manipulated
Lfontes,
Totally agree. With all these companies. PI`s don't matter . You can see that with the companies coming off AIM, like CDx discovery and Molecular Energies. They don't give a toss about the PI`s that have lost money .
It's all Billy's fault , like Strow said he tempted fate ππ
Seriously though Strow , selling out completely at a 1.25p is a bit extreme . You should have kept a few hundred shares just in case there is a rescue. It seems a bit strange that they haven't thrown the towel in today π€
If there was no chance of a rescue then they would have given up today.
The algos the mm`s use would have marked it down instantly , the use of the word admin..... would have done .
I suspect it may pick up a little next week, like it did last time.
There may be life in the old dog .
2 more to delist today , molecular E down 80 % !
Can't see the sense as company will have to flog their shares at a much lower price in the private market than if they were listed, or am I missing something? Or are the directors just greedy bxxtards as they will pick up the shares and company on the cheap π€
Sorry Billy ,no deal done yet.
Looks like we may finish on +15% for the day.
mm`s got a scalp at 2.00pm so the price uplift may have done the trick.
Hopefully , another uplift on Monday, they will probably need some more sellers π€
Anyone willing π€
Just speculation at this junksure.
Us mere minions won't get a sniff, but the mm`s may sense something coming which is why they are marking it up.
They may be trying to get shares in for a big order on the books. That might suggest the shorter is wanting out .
They have 0.5% order to fulfil , if the co doesn't go bust . Probably hedging their bet , again all speculation.
Hope so π€
I said perhaps 5 % today , but already 11% on HL.
Might be subtle ploy to leak a little so the price moves up and the placing price won't be at such a distressed level.
Alternatively it could be day traders in for quick killing, we will see t the end of the day ,
Having said that it's not a good one to trade as it's got such a huge spread.
Sorry Mv, I disagree. The mm`s are marking it up.
That's a fooking good sign .
Somebody knows something coming and it's looking goodπ
The big knobs have got round the table and pulled a deal out the fire, it's looking good Baldrick
Difficult to see this share staying at this level, given the apparent good results.
Can someone tell me why they decided to change the year end ?
The shares are very illiquid, only 15000 traded yesterday, which always lead to a share drifting down to extreme low levels.
Hopefully at the new yearend we can see proper full year profits. Hopefully that should start the climb in the shareprice.
It would be ideal take over candidate. Can see it being a nice fit with Hollywood Bowl,
Well done Pub π
Why not spend Β£30 on 1000 Hzm so you have a foot in the door just in case there is a placing.
I think it would be a good investment with cornerstones we have now.
If you get in at the basement you will do well.
As a shareholder you might well repair Your relationship with the crew on here.