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I know how you feel.
I have no confidence in this BoD with the alarming drop in SP. I can understand a drop to some degree but this is outrageous and the BoD are in total silence. If something had leaked then it wouldn't take long to get around.
Terrible all round from the BoD.
On the 3rd Oct 23 the SP was 71p and Short position 1.41%.
Today (circa 6 /7weeks on) the SP is 39.5p and Short position is 4.92%.
it's a clear an indicator that we need that the shorts have created the volatility and the SP decline. The doom mongers are using the 'Rights Issue' as a means to scare off holders and potential investors with no evidence to back it off.
If the company are withholding negative information then that is extremely poor management from the BoD. If on the other hand, the BoD have a very positive update in December, then this should see us propel north swiftly.
AIMHO...GLA.
I agree PC.
With zero comms coming out of the company I can see this slide much further by the time we get a formal update. I hovered over the Buy button several times this morning but will hold off for now. Too much uncertainty and putting more funds into this feels like gambling at the moment.