threeputt24 Nov 2016 16:18
The one problem most have here is getting an accurate valuation of the company at any one time, all was looking good until RCN imo and now there's an element of doubt. I've already topped up at this price and I don't believe it's a gamble. The nagging doubt is Tony Weaver unfortunately (MXCP's biggest shareholder) who was steering the good ship Redcentric during what is believed to be the accounting periods now under scrutiny. Someone with Weavers reputation can't be insider dealing, it wouldn't make any sense! MXCP have now backed RCN by buying back in again, but then again it appears to some that they're taking advantage of the drop in the SP which some cynics would say Mr Weaver had originally caused and he now stands to profit again. It's either some great master plan he's devised or it's a matter of coincidences. MXCP also have options and warrants over 8,692,888 of Redcentric shares so they're in deep.
If the investigation absolves Tony Weaver/MXCP of any wrongdoing I can guarantee that you'll never get these shares this cheap again and also if there is a sniff of scandal we could well see these fall further and then it's a long recovery play whilst reputations are rebuilt
RCN looks a good investment even at today's price if you want to take a punt? Plenty of institutions buying in still even now.
As ever dyor and gl with your choices