Member Info for Ubik_Fresh

@Downtime, totally correct. I had a holding well before the crash and suspension. So, I took the decision to average down heavily before suspension, getting my average to around 31p. So, the idea was, I'd get out at break even or make a bit of money. I think the FCA investigation was the final straw for me, and I didn't really want to slide into losses.

Looking at it totally cold, having sold out, I'm unsure I want to get back in. As I said, too many unknowns for me.

No guarantees with Boo. But best of luck to everyone. I'm sure there's profit to be had for the patient.

Yup, nice uptrend today.

@Downtime, seems like a very sensible play. I sold my whole holding at the start of the week, post FCA news. Changed my mind about holding. I got out at roughly break even. On the fence about if want to get back in, I think I'd rather deploy the cash elsewhere as there are still many hurdles to overcome here. For now, I'm largely done with AIM stocks and will stick to a global index tracker and a few other ETFs.

What with the FED announcements coming today, it's unlikely. I don't see a catalyst until results are published and REVB firm up a new CEO. That or a buyout, but I think Boo are playing the long game and will pay the lowest they can get away with if that comes to fruition.

66.6p

Depends really, what's the highest price they've paid in a 12 month period?

From Guide to Public Takeovers in the UK: "If any shares are acquired during the offer period for cash, or 10% or more were acquired for cash during the preceding 12 months, the offer must be in cash (or include a cash alternative) at not less than the highest price paid during the offer period and the preceding 12 months".

Agree ARK makes SMT look a safe and conservative investment. LOL.

Some upward movement today, even when the market is fairly suppressed. Perhaps bodes well for results day.

GLA for the open tomorrow, whether you you buy, sell or sit on the fence. I'm sure it'll be 'interesting'.

Me, I'm holding. Stop losses have always ended badly for me on volatile shares, so just going to take the pain and wait it out.

Wait, so now you think it will tank? I think it's a certainty. The question is just by how much. Agree that long term, the company seems just fine.

These historical issues were resolved via the forensic investigation and subsequent changes implemented by Bob and co. In any case enough was done to satisfy AIM on re-listing criteria. I don't see anything new coming out of this, but perhaps formal action against Minto and perhaps a fine for RevB. But suspension, I think not.

FCA investigation pertaining to a period that has already passed would not trigger a suspension. A fine is the likely outcome. As others have already pointed out, this pertains to the period during the Minto and Allsworth era, who will likely be the individuals in the FCA's crosshairs.

Cheers Redhammy, I'm just going to monitor it closely on Monday. I lost out pretty big on the last results day due to a stop loss triggering, but the nosedive was so fast and so severe that I took a big hit. About half my holding was sold, then when it went very low I averaged down with what I had remaining to get to around 30p average. Then I held through the suspension like a lot of you expecting a quick flip on the the other side. Obviously, it's been a bit more complex than that (isn't it always!)

Let's see what Monday brings. At least I've had time to prepare mentally for this to tank 25% or so when the market opens. At least, that's roughly what I expect based on past experience. I'm just crossing all digits that the next set of results are worth all the stress.

RevB will undoubtedly get through this but it just heaps yet more uncertainty and negativity on the share price.

New CEO needed, FCA investigation ongoing and BOO lurking in the background, not a good look. I wouldn't touch the company with a barge pole if I wasn't already invested. So, that leaves the decision as to whether to jump ship or take the pain next week and see where it goes. SP will likely take a few months to recover from this hit.

Of course it's easy to suffer from the bias that it'll all come good, but it doesn't always play out that way. I've got some serious thinking to do as to how I act on Monday.

Differences aside, what do we see as the drop on Monday. Back to 19p? Or is that too severe?

My view had been 'hold for results' end August, and see how I feel from there. This has kinda forced my hand a bit. I do not want to be stuck in a share that's consistently losing value. Of course that'll turn at some point, but the time horizon keeps getting longer and longer. I sold out of ASOS some time ago and it was the best call I made, but the SP was very over inflated vs this being already on the floor.

Last share I was in with an FCA investigation was Provident Financial. Share price lost 30% upon announcement of the investigation, then slowly returned to previous value, but it took 6 months. Toying with selling on Monday, either via stop loss or 'suck it and see' approach. But, I must admit the last time I used a stop loss here, it ended badly.

FSS, not the news we needed. Note the period it relates to, but this isn't going to be SP positive come next week.

Please stop.