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I stuck my neck out last Friday, and as far as I am concerned the overhang has gone
what you are seeing now is day traders now using the weak and profit takers to ply their trade, and that opportunity will be long gone once we get a decent update or news.
Again we seem to be having a lot of Churning of the shares trades I can only assume the MMS Collecting the boys as they go . ?
Why bother with the bid is it out keep to it the sells are nearer The ask than the bid but it allows them to keep control. We need news now come on AM give us some meat on the bones.
Lets hope there’s only one bidder, in which case Arthur should get the confirmation by the following day. I’m not sure whether It was sealed bids, but If more than likely not, the biding parties would go on to second and even third rounds till a price is reached that would be excepted by all parties. That would be done within a few days.
The. Ball is in Arthur‘s Court, it would explain why cuda turn down authors offer as perhaps it was too low but he knew It had the possibility to be a one horse race, and even if it wasn’t he still Had control.
This would be the normal procedure for the disposal of such a large asset, The final decision will be the receivers and my take on it will be Arthur and the receiver in an office battling it out but, who knows The receiver will have on his mind that this well can we turned up or down and I would imagine Arthur would be very belligerent I will not hold his punches
Cuda RNS Will be one for next week as the bidding date is the fourth I believe of next month.
Had a look quickly at the trains today actual average trade prices up 30% today could be a bit leaky So obviously something in the mix let’s hope so anyway
Looking at all the trades from 8 am It looks like the MMS tried to take it lower using every trick in the book, but the buying pressure was two much and eventually gave up.
Every sell was Followed up with a buy. I believe earlier on before 12.30 I would’ve said 70% of the trades were buys.
It’s a pity we seen a drop for Most of the market as I fully expected the overhang was filled on Friday and we were going to move north today. I was also expecting Some news today as well perhaps it was coming but cancelled? Let’s hope tomorrow, but I do believe this is the turning point.
Down 18% today it just gets worse, surely there must be recourse here
Looks like a buy, as they had a hard time filling it, and in the end, they increased the bid to do it.
Which then makes the overhang filled IMHO as I have been monitoring it for weeks now? tomorrow looks good even in these times as a safe bet when the MMs stop playing this for the benefit of the buyers whoever they are.
Only Art can say when this CPR will be released. The rest are guessing. As for the march date, very unlikely and is just wishful thinking while they increase their holding. Art fell off his chair implies someone else is doing that CPR. My take
? is it is already complete.
Something is telling me it was amicable.
The fact of the matter is clear to me, as he hasn't done anything to give value to the stock after the pump and dump since he was appointed. He was in place to give credence and stability to the stock price while the pump and dump were finished with.
It's 12 mths to the day he was appointed. I wonder was that how long is contract lasted, as his job is done now.
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Something terribly wrong here, the trade update Was no more or less than we expected.
Yet four minutes and £10,000 of trades Marked as cells Was enough to drop this over 20% no way that should of happened and the MMs either No more than we know or there is manipulation of the share price and this Needs looking into.
As I said in my earlier post, this looks to be the clearing of the rest of the placing shares. Let us hope by the end of the day, then of we go. Excellent RNS would be great at the back of the clearance sale.
You’re quite right would be a waste of money to buy Cuda At this point, Unless of course you’re selling or doing a farm out what cost you 15 million would pay back 100 million so of course this makes sense keep your eye on the endgame I’m sure AM is