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If he was advising the public, is it available for us to view or hear?
"Flippin' eck, someone bought 10,000000 shares earlier.
Providing the trade chart is accurate of course ;-)
If it is, someone's VERY confident."
Maybe they set a limit order yesterday, and haven't looked back in since. Might be in for a shock!
Thanks , and I too will hang on and see what happens. I was lucky (?) to have been able to scramble and apply for 3m shares to average down tonight, and grateful for posters here for that opportunity, however it ends up.
Without that, I'd be averaging 1p, which would mean someone just having a go on tonights offer would be 300% to the good on those shares before many LTH's get to see break even.
It's the complete lack of care to their shareholders that leaves me so angry.
There are obviously absolutely no governance rules in place on AIM, for a BoD to be able to sell shareholders down the river, in a 4 hour fire sell.
They said they were funded until August, so how do they excuse this flash sale, and 76% discount? Joke.
I have 3.5m shares, but know there's no point rushing to try and sell. Gutted, and very let down.
Is this really possible, without letting existing holders know, and have the opportunity to participate. No RNS?
I found out on this chat board, after a casual look during dinner, and then had to scramble to raise funds to average down.
Still doesn't feel ligit?
What is the name of this very large concern company?
This share will ultimately fly (hopefully) or fall on real news.
Thanks Kevin. So it's a daily interest charge in lieu of a wider spread. Makes sense.
I really should read the small print more!
Appreciate the help.
Thanks Kevin. So the dfb is totally open ended?
What purpose do the forward positions have then, as they have slightly higher spreads too?
Personally, I try to pick a share that I believe is undervalued and has news or events imminent and take the longest forward position available.
That's why I have Dec positions on ODX, as I figure it'll have happened either way by then.
I only bet long, and where the potential upside is at multiples to any downside. I don't see ODX being less than 20 in Dec, even without any covid play. But with it, could be anywhere?!
I average 58p though, so currently at a loss.
I usr IG. Generally they have a spread of 3p on ODX. That gives me a Dec 20 close out.
Thanks for posting this info. I particularly like the use of the word enormous, when describing the mis-match between the current market capitilisation and growth prospects.
The day that funding RNS arrives, is going to be a very exciting one for all holders.
Bigma9i
Who are you referring to? Who is short?
If me, shouldn't the buy recommendation and comments lead you to realise i'm long?
And even as shareholders, however longterm you may think you are, you need the confidence when buying, that you will be able to close out at some point and recover your money.
A 35% spread would not be accepted by any in the longterm, so why ok now?
I can't agree that this level of spread is good, or should be allowed.
As someone with spread bets in addition to shares, this drops the value of my LEK trade from circa 3.10 (a reasonable sell for a sp of 3.20) down to 2.50.
My trade is therefore showing a big loss, and IG come after you to add funds or close the position, at a large loss to me, and gain to them.
This needs better regulation, as it's simple scamming.
Open again now.
Market showing closed on IG?