We don't hear too much about Sonde - which is a shame as it is AI based which is topical atm. I see they had a news release last week integrating it's voice tech into snapdragon.
I see it is the usual red day. Volume seems to be drying up. Think everyone is sick and tired of this, even the algos and whoever is walking it down. Wonder what the Bod think of this situation. Perhaps they may want to buy some stock.
It is certainly a head scratcher. If there was a valid reason for the decline it would make sense but new has only been positive. I too expect an offer for the co if it continues bouncing along at lows.
It may well dip into single figures, it really doesnt matter in the long run as there is so much news flow to come in the coming weeks and months. See it as an opportunity, I will.
At this rate a takeover must be a realistic possibility and going from the interest in the tender offer (250) - whereby it was oversubscribed by 140m ! I can a low ball offer succeeding. Much more bought than sold but wait for the end crossing trade.
What a sad mess this is. Was 4% in the morning. It never holds early gains as it is Chocked by the algos determined to bring this down. No transparency on II holdings. Degree of shorting undoubtedly occurring. BoD seem unconcerned about the poor SP. Besides this everything else the co does seems rather good. Tiresome in the extreme.
Hard to fathom what the issue is with this stock. Been here 3 years plus and it continually disappoints. Should be no where near this level but here we are. Will take some more shortly but look to realise majority of position on next upward bounce.
Been invested here for a couple of years and I am intrigued by the continous selling pressure and more importantly, the lack of any TR1's. There seems an endless supply of large volume shares - another 1m yesterday. This has been going on for an eternity but is not reflected in the share register. Something is not right and the BoD should clarify the register.