Last Days Scuttlebutt: Fill yer boots while you can!!!!29 Jun 2020 09:12
So I saw the doubter out there over the weekend thinking that there is no deal; but I have to say the following:-
1) Market makers are short and desperate to get this thing down, but that won't help them to cover their short positions, as fewer people will sell at lower prices.... laws of supply and demand!!! So if they want to cover, they have to push prices up, not down.
2) Therefore today and tomorrow (if there is a tomorrow, I reckon they'll suspend today close of business to stop people dumping on the last day of trading) maybe the MMs will turn on each other, dog eats dog. They know that if and when the RTO goes ahead, they are going to be screwed by a multi bagger when it comes back to trade.....
3) Greenwood has maxed out, but my guess is that he will have mates out there continuing to pick up stock. These guys are not idiots and they will want to see a decent suspension price. There have been quite a few chunky trades go through in the last few days. People are picking this stock up!!
So where does this leave us? One question posited over the weekend is why are they leaving it so late and that because the have, maybe there's no deal in the first place? Well, I would say a) why the hell is Greenwood still buying and presumably, his mates? and b) If there is no deal, it would indicate that the previous announcements would make the current board a bunch of liars as they have said that an RTO is being sought with every official RNS announcement this year c) These guys have a track record and reputation to hold up and it seems to me that they are NOT scammers. They have to deliver.
There is no way we can know what is going on on the inside, but my best guess is that COVID, intercontinental locations of BOD, accountants and lawyers and hyper risk averse NOMADs are the reason for the delay. For my money, there IS a deal being negotiated, and they are desperate to announce is as soon as they can, preferably before the deadline of tomorrow evening. That's what all the above points too. Today may turn out to the be last day of trading!! All will be revealed. Fill 'yer boots while you can boys and girls!!