Member Info for shamI89

@13martyn13 ,these lot need buyers to keep the price at thus level, so share dumping stops for some time,new buyers jump in thinking it cant go any lower , share price goes up and then dumping starts.Rinse and repeat.

But it did the trick though, all of us were excited about it and all sort of numbers were being thrown about .

PF is known to hide or release news to his own benefit.I remember he was grilled in agm by shareholders and then he let out that he has secured tema contract.

I reckon some of shares have already been forward sold and huge sells we are seeing are indicative of that as well. Placing would be voting through but we need some sort of news to churn through placing shares and rise from these level. Whole think stinks but was surprised to see that people were receiving similar emails when they expressed their anger and PF mentioned a broket note. He cant be trusted but I reckon he has some contract up his sleeve .

If we vote no then Riverfort/YA are happy to lend him some money and that would be worst for share price. Share price would have hit 4/5 level anyway. One thing I don't understand is why would he want to spend money on a contract which is not finalized yet. He is either lying to get placing voted through or has something up his sleeve.

Problem is these mous take a lot of time and effort to get converted into a contract , as we saw in Iranian airport contract company held several meetings with authorities and contract was finalized when trump imposed sanctions. Another contract fell apart because company was accused of bribery.

Lets put it this way , pre covid it was a different company .It was deriving a big chunk of revenue from that and Tema was contributing as well. Company was at break even stage , but now things are different.

There was a risk that company would get into another death spiral debt arrangement and that would have taken it to 2p.

Company has raised 40 millions and has nothing to show for it. Peter was clever as in the past he got away most of placings on the hype , first it was Iranian airport, then Tema and it has got to a point where investors dont take him serious as they know what is coming ahead. This year he tried to create a hype by mentioning "covid 19 products" and sale volumes.

40 millions in last years and has nothing to show for it.Funny thing is that whenever investors think that worst is over and company is making enough money to meet its daily expenses, PF comes out with a huge placing to dash investor's hopes.

Alternative would be another death spiral loan from YA/Riverfort and that would be disastrous for private investors.

all of us ha e been waiting for , PF cant be trusted . Ideally he would have got away this placing at a higher place on the back of a new "mou" but ...........

Oil is flying and may hit 50 shortly.

Apart from a few most of us are traders here who are here to make a quick trade in anticipation that PF tends to pull something out in December to get market excited and that provides a chance to get out with a decent profit if you timed your entry right.

Can PF be trusted that he wont get into this sort of funding arrangement in future?He is a serial liar.This company is a good company but I dont trust PF at all.

It used to be a good trade under 10? but things have changed. Peter has always something to excite the market lets see what he comes up with this time!

be bothered about "them billions" of shares which were to flood it yesterday and today and in fact I cant see any of them massive sells that a few people were anticipating yesterday or today

Nobody has a clue about sp, last week we had "32 p" predictions and vaccine news has changed the scenario.There was supposed to be a sell off today but that has not happened yet .

So if majority of people have got shares and they are tradeable then why are people not selling them?

Exactly , I have been saying that some of them nil paid shares have been flipped and in fact a big chunk .But right now it is all about waiting as this is momentum playnow.