The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
May well be wrong, but it's hard to believe there's that many people with a short on here. The upside for them is pretty limited with the SP so low, while the risk is massive if there's a positive outcome here.
This is one of the reasons the US are driving the price up. They see that ARB is undervalued in its sector. In the UK we don't really have that comparison. It's also why Nasdaq entry is so important as it becomes much more widely available to buy and is likely to correct our price within our sector.
Wise move Albert, being over exposed when there's life changing sums on the table can be very stressful.
I sold half my GGP holding last year at 8p, having bought at 1.5p, before watching it go all the way to 38p! But I had no regrets as I used it to clear my mortgage so considered it money well spent. Always good to keep plenty on the table too so there's no 'sellers regret' though.
If our earnings are £100m (high assumption for right now, but let’s go with it), and we have a p/e of 100, that would value us at £10b.
With 360m shares, that would equate to sp of £27.
That’s going to make a lot of folk here very wealthy!
Bitcoin still far too volatile for day to day purchases. You could buy Bitcoin and it could change in value by 20% within the space of a week. It's purely an investment for now - more widespread use may come in time but I feel it's a long way off.
Letter of intent is something different normally. We receive them in our business as a precursor to receiving an order, and they generally allow the process/work to begin and some money to be committed. Non binding offer is more akin to telling an estate agent what you’ll pay for a house, which may or may not be acceptable to the seller.
No, I was asking how you knew the IIs were buying in at the low prices yesterday afternoon.
I happen to disagree with your theories around MM manipulation etc, and in my view the huge sale was the reason for the sliding and depressed share price. However, we are allowed to disagree.
The vast majority on here last night were searching for answers to what had happened, and rightly so. There were a number of different theories put out there, some very plausible, but most were ultimately wrong as the truth was cleared up today.
There were one or two posts which were personal and insulting, and many of them also came from regular posters on here. The problem is, and always has been, that many people simply wont entertain that there is a significant risk attached to this share, and yesterday afternoon was a classic example of what would happen if we don't get the RNS we want. I'm sure we all want £1+ per share, but retaining doubts and not buying into the crazy theories doesn't make those people a deramper or botfly, simply a more reasoned investor. Those who are unable to see risk, like the guy last night who was all-in and set to lose everything, are complete idiots.
Probably was sold over the last couple of days/weeks, and reported when finished. It’s a far better explanation of why the share price has been depressed than ‘MMs accumulating and kippers MIA’
Not the point though, is it?
It’s someone who you would assume was involved in the sales process dumping their shares. Hardly a surprise that the market reacted how it did, as to anyone other than an idiot it raises massive questions and uncertainty over whether any transaction will now happen.