Yes, every dog has its day and I think when it gets to sub £500k market cap and there is a decent story in there somewhere and they aren't just about to turn the lights off then exponential returns are possible. All of my decent returns have been made on companies that had a market cap of less than £3m at the time of buying in. Just a bit of wait sometimes!
I bought a few this morning. Had to break down the trades to get a quote online. That sell order must have been in as you say, but at this level of mc plus a few green shoots I think it will do well
thanks for the welcome. Have been in here a couple of times before but your comments the other day prompted me to re-visit, so thank you for that.
I am convinced that the proposed AIM cash shell rules are game changers as it is going to be difficult to convince investors to come on board knowing that the company will be forced to suspend within 6 months if an investment isn't made and secondly the AIM shell will be forced into making what could be a sub standard investment in order to avoid the suspension.
In my view this will lead to the shell hunters seeing main market cash shells as being a safer place as those restrictive rules will not apply.
I can only find AUCT and FBDU as main market cash shells which are currently not suspended (happy to be corrected on this) and between them they have a market cap of less than £2m!
To me something has got to give and can see a pretty rapid ascent in both cases.