RE: SerendipEquity3 Sep 2023 10:21
Thanks Gazala for these posts. Very interesting. I was dreading looking in on the bb today in case anyone had unearthed something more dubious or sinister even.
The fact remains however that someone has just bought 20% of the company for £500k. At a massive discount yes, but who in their right mind buys a large chunk of a company that’s about to go under? Why not wait for it to go under and if you really want it then buy it for peanuts once it’s been wound up and you end up owning all of it.
So, something is stirring I feel, and my inclination odd that it’s good. What I don’t like though is the fact it looks as if this agreement was done back in June, followed by sustained selling on no news for best part of three months. Hey presto sp fallen already by 50% from 1.75 - 1.85 and then this deal lands at a further discount of 40% to the sp of .75p!
Bit rum and pretty shabby treatment of existing share holders but, again. I keep coming back to the fact that no one would buy 20% of a company if it was about to fold.
Anyone else see the shoots of something good happening here? Or am I just desperately clutching at straws?