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Something might be happening, unable to buy any for over 1 hour.
Last year PYC employed a new Business Head of Development and 2 technical staff, at considerable cost.
Finally they seem to be actively looking for new business, and if they do achieve, then the share price could see considerable gains. A turnover of less than £1 million isn't impressive, however a lot of potential customers have big budgets.
There are less than 100 million ordinary shares issued, therefore a purchase of 100,000 shares is 0.1% of the company, a considerable lump in one trade.
This can move extremely quickly if people start buying in.
Think of the bigger picture. The company is well positioned to move forward with the new staff and experienced Non Exec Director.
The hardest contracts to get are the first ones, now we have Cancer Research UK as a client and it could easily lead to more business in the future. As it only lasts a couple of months it's unlikely to have massive value, but the next one might.
Of all the days for it to malfunction.
Looks like progress to me.
Let's see what happens to the SP this pm when the sellers have gone.
Seems to be going in the right direction.
The MMs do it time after time, and rarely fail. It just shows what stupid mugs some people are.
Read the Rns properly, its great news.
It looks a bit more serious than that, someone with a lot of shares appears to have been getting rid for the last couple of weeks.
Difficult to understand why, as i thought the Rns was reasonably positive, and by year end Sareum could be in a good position.
I also expect the price to rise quite quickly once the 1p barrier is well and truly broken.
The MM's will make plenty of money as confidence will grow, buying should increase, and everyone will hopefully gain healthy profits.
This slow progress might be a means of preventing a barrage of sales at 1.00p, which we all know happens every time it gets there.
By going slow it is giving people plenty of opportunity to sell every step of the way. The difference between the buy/sell price is minimal at the moment.
TheMM's aren't stupid and are fully aware that momentum is growing, 1p will almost certainly be breached soon and doing it this way might just allow the 1p barrier to become a thing of the past.
This will take some cracking as many long term holders are in around the 1p mark, and happy to get out having struggled for years to get their money back. It always struggles at this price.
One day this might achieve what we we all want, and this could be the start to achieving it.
Lets hope the sellers sell and disappear, while new buyers keep hold of their shares for a sometime.
This appears to be how PYC started before the great rise and fall. It was held back by pesky small sellers for a couple of weeks, just like this is and they have to be weeded out, which takes time.
If the interest is maintained more buyers will hang on to their shares and the desperate sellers will slowly disappear, leading to a sustained rise.
These are incredibly difficult to buy in anything but very small amounts, in and out of auction and going up in price with every buy.
End of the day could be anything.
Over 110,000 bought at 8.18p then the shop closed, the mm's stopped selling.
Zahid-mundo post reads as if news is on the cards in the morning.
I'm with you on this TruroTrader.
The foundations appear to be in place, a healthy bank balance that should be well in excess of £1 million following the last fund raise, and a desirable growing service.
Great potential if they can keep building and gaining more clients to work with..
Zahidi-mundo states his friend is happy buying up to 6p, there were over 1 million delayed trades yesterday taking out all the sub 6p shares. If these are to be held, then the mm's are going to start struggling for stock as the sellers dry up. I'm sure with patience you have been able to sell for in excess of 6p at some point every week recently.
The company appears to be going in the right direction and earning a good reputation, yes it has a low turnover but it has low overheads too and only around 94 million shares in issue.
If contracts start coming in for longer periods from good quality clients, then in a couple of years it could triple turnover to around £3 million, keeping costs low it could be making £1 million a year. A good business takes time to build, they aren't created overnight.
The rumours of a revamped placing were started yesterday on share prophets.
Why hasn't the company denied this?
The company must be aware of the rumours that started the drop yesterday.
They could have stemmed the tide by letting us know the rumours were incorrect.
Perhaps it would help if the company issued a statement regarding the rumours .
The nervous 90s didn't last long.
1p.
Getting very interesting.