RE: Another day of no rns. expect couple% chipping away each day.8 Oct 2024 09:08
This stock is beginning to remind me of ALGW.
A stock that promised alot had many irons in the fire but didn't deliver any of them, most seemingly forgotten from one RNS to the next. Revenues were always 'as expected' but no one could work out what the BoD expected. After a while, and some years with the SP going nowhere, they changed focus, away from the strategy advertised in the prospectus and the strategy everyone invested in.
Like GST, they only seemed to RNS thing very rarely and in retrospect, with a few scant facts that made it almost impossible to stitch the investment case together.
Like GST, ALGW had practically zero marketing or market presence.
Throughout all of this period and even after 7-8 years they were referring to themselves as a start-up.
Investors, many of whom were trapped at a much higher SP would always hail the 'next RNS' as the 'big one' that would set the stock alight. It has never come. This is why I asked for a list with the usual DYOR, seems people don't even know and are just investing on 'feels'
GST reminds me so much of ALGW.
Oh, BTW, it's a requirement of the market that they have a UK executive in the board, so I wouldn't read anything into Lord Welly's appointment.