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Well I did predict going back to £1, which some poopooed. Seeking Alpha were very clear it was a high risk stock, again many ridiculed them. Show me a chief executive who doesn’t try and talk his share price up, I was mystified why he bought such a small quantity of shares compared to what he was already holding. Hold on to your hats.
https://www.share-talk.com/investors-lose-money-in-72-of-all-the-companies-ever-listed-aim/
Indeed but there is no income at the moment, there must be many shareholders who are in for a quick profit. If you think the SP will continue its slide, makes sense to sell. After a 12% drop in Canada yesterday then back to £1 is surely on the cards. The medium term looks good but if you’re a trader why hang around, better to jump back in later.
Not a problem, he shouldn’t deal within a month of quarterly results or before a significant announcement that may move the share price. He bought shares yesterday in the knowledge he wasn’t privy to such information however he may know some news is relatively close. I still think it was an odd amount of shares to buy but he knew the market would take note, a finger in the dike may I suggest. Don’t forget he’s had about £4m wiped off the value of his shares from their top.