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It has to be more than £700, as your backside cant be burning for £700.But.....
@RazzaB offcourse you did not pay 6p but one thing is for sure price you have paid for is higher than 1p otherwise your backside wont be on fire.
Not really but could you saved you buying these shares around 6 when you can get these for 1p.
@RazzaB we are desperate to breakeven, arent we.Looks like you took a position when share price fell from 10/11p level and you decided to jump in to take advantage of these "cheap shares", but I remember warning you that a "placing " is being worked by this company as there were quite a few hints in last RNS.But you thought that I am looking for "cheap entry" and rest is history.Next time if you want to gamble make sure that you read RNS properly there is no point in arguing with someone who has predicted thinks correctly.
I do think it will hoover around 1p level, as placing overhang would take some time to clear.I wont trust management though as every placing is meant to be "final placing" but.....
Question is do you trust these jokers with that.They should have brought someone in with technical ecpertise.
I would say a big chunk of these shares have been sold today by existing shareholders unless placing shares have been forward sold.
Did not know I needed your permission to post here.But did try to warn you about "placing"
Should have listened to me around 4p when I said placing is on the way.But.........
£30 millions on a contract which is worth about £100 millions over 6 years.
They were forced to move up too fast or may be they were too clueless about expansion as it has proven to be a disaster.
A placing was imminent after last update but discount is huge.Participants in last placing have lost 90%!
Not sure if placing shares have hit the market or have been forward sold.But this is a very illquid stock and existing shareholders have effectively been wiped out.A speculative punt at best.
A punt on the basis that they still have orders but these jokers are clueess when it comes to operational side of things.
It was crystal clear from last update that they needed money but discount is astonishing.
Bonds have already lost 85% value, so at the mintue market believes that bondholders wont get their money back.However if fresh money is injected and buisness improve than probability of them getting their money back increases.However bonds tell that equity is worthless.
Shorts wont close until D4E situation is resolved as that would determine shareprice.It was a stonking after last RNS and shorters have made a killing.I guess bondholders were shorting too as a hedge against their bonds.