The company is dead. There will however be no resurrection.
Suggestive of a bounce from here
Any ideas why this continues to slip? I bought into the original post results drop thinking it was overdone, but now I am wondering!
The £1k trader who bought this morning has close his deal. A wise move.
Is a paid ramper/bot.
Let's be absolutely clear about RTOP. They have no money. Zamboni can't/won't pay. Their so called orders/contracts are the value of a netflix subscription. Administration is weeks away. In January I suggested if you must take a punt here wait until 1p. I'd like to update that to 0.1p
The so called contract has a monetary value of less than £5k. The 3 stoogies who run this this lifestyle joke company have as much business management credentials as my cat. If you are really determines to waste your money at least wait until the sp is 1p. But by then then the shares will have been suspended.
This is a break from the emotional posts!
I am familiar with the delayed posting of trades that may be a significant volume, but today I have noticed many dozens of seemingly trivial volume trades being posted with a delay of 20minutes or so. Maybe I'm just desperate to find a meaning behind the awfulness!
This trading pattern smacks of a forward sold placing at 10p.
Sorry - 10p in 60 days
Opaque accounting procedures and material uncertainty as a going concern. Revenue 'on an invoiced basis' is a euphamism meaning they don't expect to receive funds for months - and by then they will have had to repay debt and cash flow will have evaporated. Moribund company. 1p0 in 60 days
We knew they needed cash from previous RNS's. So, likely knowing the government position on O&G licences in advance you would get a quick £0.5m by placing 25million sares at 2p and the buyer(s) forward selling them - wouldn't you?
Don't see how 2022 results, current order book and reputational damage supports revised market capitalisation. Maybe 20p?
So, this will be top of the losers board tomorrow when it plunges from 1310 to something rather nearer to 50p. Beats me how management can issue the RNS in such an upbeat manner when shareholders have been totally wiped out.
'Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business,....'(Reuters about 20 minutes ago). Would be nice if it included a bit of Tidal.