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It's a scam. They pick up old share registers and cold call people. I've had a couple on from my Henderson Morley holding, which went bump years ago. I like to keep them talking, before I ask them if they are proud of the job they do. Record so far is 22 minutes!
My concern is they will struggle to gain critical mass as a business, and it may be shareholders would be best served by selling the individual parts of the business off. They must be worth 17-20p on that basis. I presume you mean Loan Notes and Options rather than warrants. I have fully accounted for those in my calculations.
Not me, but it probably explains why the market has been absorbing stock. It would be nice if it was a director. I'm over 1% of the company already, which I dont like to be, as you end up having to make Rule 8 disclosures if there is any approaches, but I might take a few more if it is a director.
Paul, All that will happen is you will get some more short-term punters in, who will get bored and sell within days/weeks. What we need is long-term investors who have confidence that the corner has been turned, and that can only be achieved by the company delivering on it's potential. Getting a strategic investor to take a stake would also be helpful, but with the size of the company, and it's history, I do not hold much hope of seeing any institutional interest. Until we see any of the above happen, we will be governed by short-term traders.
As this is not an AGM, rather a GM to vote through the amendment to the share option scheme, I would not expect any announcement on trading or contracts. The AGM is in March, but it would be nice to see a trading update in any case.
I think this will be a long, hard haul.
There is always stock around behind the scenes, hence the price is continually unable to break out of the current price range of 10-14p. As for the trend being your friend, I totally agree, but apart from a two day uptick, there is no trend here, other than a couple of new contributors trying to pump the price!
A few punters reacting to a BB pump. Interesting to see a few 100k trades; hopefully they are longer-term holders, and not in for a quick turn, as they might struggle to get out if there is no follow-through in price and volume. On paper, this looks like one that could double in 2015, but management have still got a lot to prove. Think I will stick with MVI as my share of the year.
It could also do a capital re-organisation, by reducing the share premium account, and having a consolidation. I think it is easier to assume that they will not pay a dividend for some time, and will enjoy a low/nil tax rate.