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I'm beginning to feel new CEO Edwards is a bit of a numpty. The shares seem to have been marked down heavily on not much volume which suggests to me that bad news is coming. We need a huge rabbit from a very small hat.
Oh dear, down 30%, shares virtually worthless now.
Looks like negative news coming (did we ever get any positive news?!)
In your frustration you forget to mention that Michael Edwards, serial entrepreneur with numerous successes, has joined as CEO and bought a load of shares. Clearly he intends to to turn this business around. Sell and move on or hold and be patient.....anything else is pointless.
I'd argue a board change is actual news, just not the sort of news you are waiting for. Same here.
No news? There was an RNS only yesterday! And thanks for making me feel better, I'm only down 90% ;-)
Strong buying interest today.....what's going on?
GST fundraise.....what a surprised after yesterdays RNS which tried to talk up their story but told us nothing new.
Interesting flurry of trades right around midday indicates some news leaked? Sipeum?
Well said Sharebel....so many bedwetters on here it's hard to see the wood for the trees.
If you lost money man-up, stop crying, move on.
Lastofadyinbreed there is a new website as per the recent company update............
https://www.getcel.ai/
The only rubbish is suggesting market makers would take on 85 million shares in the hope they could off load them to retail buyers. Why would they want or need to take such a high risk...... they would be seriously out of pocket already if it were true and it isn't what market makers do.
Still waiting to hear who bought Matthew Lodge's shares because it certainly wouldn't have beeen the market. RNS due on that. Nobody would have bought all those shares if the company was about to go into administration. Therefore at these levels there is nothing much else to do than wait and see. There are some understandably unhappy shareholders and ex-shareholders on here but I'm going to hold and wait to see what Matthew Edwards is up to.
That's the remainder of Matthew Lodge's shares sold, very predictable. Now we wait for confirmation of who the buyer is....most likely the new CEO Michael Edwards.
From Broomrigg on advfn.....
Trade of 8.5m shares @ 1.525p from 2.09pm reported late (price at 2.09pm was 1.35p - 1.4p)
Lodge still has 13m and hasn't resigned as a director, not yet anyway. Someone bought the 82m he sold, no way the market would sit on them and have kept the price steady as Stims pointed out....the shareprice would have been "nuked". Probably new CEO Edwards bought them and would now have almost 15% so more announcements surely due on shareholdings and new company vision.
The important question is who bought the shares and what are they going to do with the company going forward.
Another 10.5m marked from yesterday
Yes it's been manipulated down this afternoon but it probably is for a reason. Perhaps we will find out why tomorrow in the form of more big trades and/or an RNS........ something is defo going on here, massive volume has gone through over the last week or so.
Another 37m shares marked from last night
I think there's 2 points......
1. The new CEO is most likely the buyer, taking millions of shares, getting a decent stake organised before cracking on.
2. No point looking back crying