RE: Dream Killer23 Sep 2020 13:23
The thing is, the rumour of a fund raise was leaked.... then it was confirmed, and it was stated that the money was going to be raised at an SP of 0.0015p, so anyone who buy in above that, knows that 7million quids worht of shares are about to be given to someones institutional mates at a nice price.
So, the SP is dropping, because people are selling up, because, when the SP reaches 0.0030, then those institutional investors would be able to dump half of thsir shares for 100% return and a free ride.
Now, allowinf for the fact that we will have about 20,000,000,000 shares in circulation (thats 20 billion, incase ive typed it wrong), i think the only way we will see Heids famous 3p share in the near future, is if we consolidated 10 - 1 at the point before the institutional investors dumped half their shares.
For me , personally, i dont think this share is going above 0.0025 again anytime soon and... we have 6 to 10 weeks AFTER the drill rig is up, (which is 8 days or so) before we even get to know what the results were.... lots to invest in for some people before that time, then nip in at the last minute.. all in my opinion, just my take