The share price would be now be 5p if wasn�t for the idiot who thinks he is being clever by keep selling at 500,000 shares a go.
A pro would either let the price fly when there is real buy demand ( because of recent news ) or get his broker to place his holding with an institution . Eg Ruffer was happy to put in a �1m at a 5p placing a while ago and now following the recent news it should be a steal
My fear is until that the money due in December is settled it is worrying shareholders . I think they will be able to finance this and then the share will move back up . I bought a few more this morning .
I met with my broker tonoght for a quick glass after hours to discuss my portfolio . I can't get his real thoughts on recorded phones etc ( otherwise what is the point of having a broker ) When he mentioned my holding in PURP he said you have made a nice profit since buying a year ago but this Friday they have to make an AGM statement .
His advice was to sell tomorrow before that statement . I will follow that advice as I would kick myself getting a 3 fold profit and not taking some off the table ..
This share really became a darling of AIM in the last year . However despite thousands of trades a day I fear reality will catch up with their next results . The cracks are beginning to show so I am now out as of today . Best of luck to you all .
Dear Perklad , thank you for your answers . Yes this debt has to be dealt with , which I am sure it well , and then the share price can start moving north .
There seems to be no floor to this share . I had hoped with directors buying into the placing at 11p that would halt the slide . I was wrong . If they do start making profits in the next period that should help or do insiders know more than other shareholders .
Not a good announcement this morning with profits down . However it always surprises me that £30k of sales result in a £4m drop in Market cap ( 19% ) . Guess we will have to wait another year .