Jolly sold my remaining shares reading between the lines it sounds as though the new facility was virtually dormant in/Dec/Jan IMO they will struggle to make that up and with more exceptional to come I agree this could definitely go lower.
IMO you want a board that jealously guards the companies equity for the benefit of shareholders. In the case of Manx you have a board awarding themselves an excessivec number warrants and consequently diluting shareholders for thier own benefit so would not be for me.
Probably nothing more than funds doing end of yr window dressing and PI's selling to for tax reasons which creates opportunities for a cheap top up I shall buy again to morris. GLA
Know idea last trading update "current trading is considerably ahead of comparable period" in view of that I have just increased my holding can't resist a bargain.
Not a great set of results, however, management appear confident they are making progress and can improve the business going forward they have certainly backed their own judgement with share purchases and a large investment by Civian Capital is still in place. On balance I shall remain invested.
Not one of my better investment decisions and these constant small daily falls are not filling me with confidence with regards to the results in early March.