The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
So had some free time this morning and decided to go back and look at the trend of the market cap since 1st April given the number of shares issued this then.
Interesting to know that Friday was our highest daily close from a market cap perspective £4.3m and has been trending up since the 1st April (which started at just under £500k). Also, interesting to note the intraday spikes (daily high) have been higher each time which suggests that should we see positive news re funding our next spike should be to the £10m mark which would equate to roughly 0.0325. First spike in market cap was £2.9m 17th August, followed by £5.9m on the 17th September.
Have a good weekend all
all i will say is look at the performance last time when we received news that they would no longer be drawing down on the agreement, we doubled in a week and that was without the recent news updates on 1) Glimpse Protocol 2) Joe media update
i think all will be revealed over the next week and we finally break out of this trading range
i'm particularly interested to see if we see any 100m dumps, if not, have we made an agreement with EGHOS?
i'm not expecting the deal to be announced to us today, early next week would be my view. Now approved at the courts, the legal documentation process can wrap up
no, they can start selling immediately
agreed - the market will see that "in theory" EHGOS are now done hence the slight move up, allbeit we don't know the arrangement to settlement the remaining debt....
well they dumped 2bn in 2 days, so the remaining holding doesn't concern me, yes dilution etc etc but we knew that they could up to this level. Potentially transformational times for the company, big ticket items now are Joe media deal and the "conventional financing"
good find leep1
so we've had no dumps as of yet today, will be interesting when the TR1 drops how many they actually had given many were probably forward sold
and there is another 200m @ 0.013, so thats 1bn sold off today by EHGOS
bid about to move up to 0.014, real bid is at 0.0139
now 800m dumped today, all at 0.013
actual bid still increasing, now 0.0136
well thats 700m today so far
mm's are happily collecting any sells here, PEEL controlling the ask and once they have collected enough the bounce back to 0.015-0.016 will happen.
actual bid has been increasing all in morning, now currently 0.01356
so thats 500m dumped this morning already
once the stalemate is over at these price levels the retest of 0.03 will be on the cards
for the time being its building a nice base at these levels (0.015-0.016), every rise is being sold into so hopefully once the sellers have finished this will continue towards 0.03
actual spread looking very tight, looks to be 0.0168 to sell and 0.017 to buy
whoops, meant 0.02!
think we see this move north of 0.2 this afternoon