I have checked financials embedded in admission to am doc on website and have declared a loss of 8m. The expenses doubled to that of last year. The recent contract win doesnt give value of contract so not sure about this one. Will have to wait for next set of results. Comparing with COMs there would be alot of interest there due to being a penny share so make this less attractive. Would be ok for long term here but being a new company being listed and current financials its risky bet
I haven't seen anything like it. However looking at the trading pattern, there was some sort of exchange happening in the background. MM was happy to let PI's buy at 8.25p whilst the exchange was happening. Possible offer for the company to bring up their holding (whoever the buyer is) at a level in order to put a bid??
Time will tell. Happy to buy in at 8.25p.