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I’d agree that HSBC may still be selling but I suspect these are Pi’s throwing in the towel.
I’m pretty much at that stage , had a price last week at 4.2 for my whole holding and regretting not taking it.
There’s no respite and no attempts at any positivity. Looking like full on capitulation and the mood music is 100% negative.
50% rise needed to get us back to where we were 2 weeks ago, and the SP has been falling for the last 12 trading days. This falls like a brick but struggles to inch upwards at the best of times.
No one predicting 10p by Xmas anymore. All eyes on 2022 now !
Placing now would be disastrous but that wouldn’t stop Fooler. Hopefully they’ve got enough left of the 7.5 million they’ve raised in the last 12 months to limp along.
Even as this continues to slide I don’t see any rampers piling in and topping up. Is it because they’ve subscribed for placing shares instead ?
I can only assume that companies now go to Darwin / YA when there is no appetite for a placing with PI’s. Even with the supposed large contracts being dangled last year it still needed a hefty discount to get the placing away. The placing in June was done on the back of euphoria from the o tract announcements.
Has Fooler got anything to tempt again ? Nobody believes his positive spin anymore, so can he get anything signed in order to underpin a raise ?
TLSA need to do a lot if things ! Including getting the new Nasdaq shares distributed to UK holders of the old TILS shares since it is now a month since the scheme became effective.
Accustem delays we’ve got used to but this delay on TILS holders is wholly unacceptable imho.
Yrabs - ‘ I am worried that more airports and ports will require more setting up costs at wsg expense’ , obviously you mean at shareholders expense. Clearly shareholders get stuffed for paying for contractual costs.
AH - I genuinely hope that what you say is correct. I don’t mind being patient for things to happen as they are set out, even if there are delays. Instead what we have is some doubt that ratification will take place or that there will be some material watering down of the opportunity. The other constant concern is the risk of Fooler doing another damaging placing. We’d all like to see the market cap of this company at £30, £40 or £50 million but not if there’s a billion shares in issue.
Fingers crossed you win your bet and that the next RNS’s are good news which sees the SP back over the last placing price. We can all have dreams at Xmas !
Seemingly all those who were ultra positive a few months ago are not so vocal now.
10p by Xmas some were saying. Revenue targets for 2021 will be hit and 2022 will be the year.
Come on someone, give us some hope because Fooler , placing rumours and the ongoing SP slide paint a very bleak picture.
The ‘credibility gap’ is the big issue here. Nobody believes Fooler anymore and the tone of the RNS didn’t seem to be believable either. He states that DRC is in the final stages of ratification but the info from Vander seems to suggest that there is still risk in the outcome.
It was an odd RNS given Foolers previous stance, was it meant to counter rumours ? Or to try to stem the share price fall. Was it our pre Xmas trading update or a ‘profits’ warning ? Or was an attempt to steady things before a placing ?
Only Fooler knows but the SP would have been higher if he’d kept his mouth shut.
Last years mega raise was only supported because it was done at a massive discount with the carrot of ‘transformational’ contracts to be signed in DRC and Liberia. We now sit just above that raise, having had another one since then, what carrot would there be for another ?
By rights the company should be looking away from equity funding and be able to use these agreements to obtain traditional bank funding. If the did go in the future for equity funding it should at least be at a premium to the last one !
Once again the company looks to be in a pickle of its own making with shareholders likely to take another shafting to keep the jam machine running.
Starting to look like another Fooler F up ! Clearly this is not the formality that he’s told everybody it was and now the price is starting to give consideration to the whole thing falling through.
I can see why he couldn’t say anything but the more shareholders start to unearth the more that silence is going to continue hurting the SP.