So yesterday ria was posting about once every 6 mins or so. Today this has dropped significantly once the 3p barrier had been broken briefly. Expect to see an exponential slow down in the posts.
Instead of just blindly buying to get it to 2.00, some people might be looking at the current market cap and debt and wondering whether, without news, the market cap is toppy as it is?
So now we've had an A trade (15k @ 1.30p) the change % has changed. Quite often used just to F about with the price on low liquidity, high spread PI focused shares.
Until the spread drops it has very little meaning. Since it's based on A trades, One A trade on the bid or the offer will change that completely. It could go from +11% to 0% in a single trade.
RE: Approx 20.00 to 1.10 in 1 year... very cheap now16 May 2023 09:41
Ria doing some overtime here! Get yourself a few more usernames ria otherwise it's just a bit strange, the same person posting bullish one liners all the time.
Your "opportunity" argument is based on speculation and ramping. I was merely pointing out the facts of your mistake. At the moment, in the current environment a company's cash reserves is extremely important and you overstating the placing amount by 60% could lose people money if for example the company runs out of cash a few months earlier than people expect based on your original point.
There is an upside opportunity no doubt but pure gambling at this stage.
So you're saying £1m of cash doesn't matter in a company with a £10m market cap? I think you'll find it's a good few months worth of overheads. So you definitely need to proof read before you post in the future.
At this difficult point for the company facts are needed not ramping.
You do spout some rubbish tech guru. We all want the company to be able to raise money and continue on but just feeding punters rubbish is not the right way.