Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Until this current situation with MF is sorted out the 2nd tranche of shares will not be released. Now if you currently had the chance to buy shares at 1p but needed to sort out this situation first what would you do?
I am hoping the company will update us on progress regarding the MF share issue by the end of the week. It is now nearly 2 weeks since they obviously agreed a plan to get this sorted which must be well under way by now and hopefully nearly completed. Time will tell but can't see it dragging on for much longer.
Well spotted Lockesboy. This type of blatant manipulation should be outlawed. He was bullish whilst he held the shares but why once he's sold why does have to start ****ging off an investment he no longer holds and he has the audacity of accusing me of having " a hissy fit" Priceless!
Manabouttown - I wasn't suggesting that that particular comment was a de-ramp. I agree there are a lot of day trader types around this share but look at his history. He was spouting for weeks that this was going down to 1p and only changed his tune when he bought in. They in my opinion are the lowest form of poster - those that knock shares when they want a lower entry price and Mohh is a classic example.
WTF -it's difficult to say but there is no doubt there has been manipulation by the MM's' I think they have walked this down to accommodate the buy back of the 5.25m shares. Like you I think this on the way back up and when news arrives there will be an almighty scramble to get onboard.
The lock in which has now been reinforced by the injunction means the concert party cannot sell any shares for 12 months from the end of November 2019 or until they transfer a substantial asset in to PET (which would obviously significantly increase the share price). So any increase from 1p is only on paper until either of the scenarios above is fulfilled.