I'm tempted to think that 1.25m trade was a delayed sell with MMs publishing now. It would explain the drop today and hopefully mean we're set for a move back up
My only concern here is the level of debt this company holds. If i am correct it owes £1.06m + £1.52m in loan repayments + deferred fees to it's directors. This is before we get to other debts owed to external parties.
What are people's thoughts - surely this is a drag on the SP?
The directors, to be fair, have not pushed for repayment until the comp is profitable and given the contract wins they may well be for 2016/17. Loans will surely have to be repaid in which case. I can't see the convertible loan notes being triggered at 5p if we the comp is making enough cash to repay
Seems anything above 25k size and the MMs wanted a premium near COB. It bodes well for tomorrow as MMs are obvioisly short of shares.
The risks here are known but the Market Cap is essentially pricing in failure which i think is incorrect. We should be trading nearer to 10p before solvency 2 is cleared up imo
Another 75k at 4.55. I think this bodes well as they are not delayed trades and was the same over at sepu yesterday with MMs looking for premiums for trades of any size