Good experiment Washingmachine! LOL
I assume you're going for 500k or more, fill or kill at 5p? That should flush out whether a big holding is being dumped "at any price"... |
We only need 10k paying customers across the world to break even. And we're not aiming for people editing their family Christmas videos, our target market easily have £20-30 a month to spend... *if* the product delivers what they need of course... |
I’ll educate
If it’s not filled by close
There is no real seller ! |
When you raise money and then tell the market it will be 2 years to wait and then when you launch and then tell the market that the launch is actually 12 months further down the line, the price is always going to be trashed.
There is no reason to hold or buy for most.
And so it has been proven.
Amateur hour. |
I’ve a buy order in ! |
Another failed pivot it seems . Whilst there may be a market for this kind of thing there will also be a lot of cheaper or free alternatives and so the market will shrink especially for paying customers . Personally I think it was doomed from the start and it's their last chance . |
Jbravo remember that despite volumes being generally low, Miton could still have shifted half or more of their holding since their last declaration in June, who knows? |
Interestingly the limits on dummy trades have just switched, I can now sell 300k (the most I have in one account) at 4.7p and can't buy a sausage...Is that you buying in, Washingmachine!? LOL |
I’ve been in and out here
Considering a position long again
You will notice ..I’m sure. |
Mostly right cyber.
Bashirov @ AAZ started with 18%. Only informed once on the way down (at 12% if I recall correctly). Yep bottom at 4p-ish.
Of course AAZ were guaranteed a buyer for their gold, so when the plant got all sorted and the seller finished... whoosh as ssb would say.
Now IF Blackbird have got it right and people buy elevate, and when Miton have shifted 57m... well...
It's a bigger IF though. Bearing in mind past failures in selling their wares
:) |
I remember watching a profitable FTSE-250 firm at the height of the financial crash 15 years ago, Aviva pensions had a 15%-ish holding and they decided to sell the lot in the market, pushed the share price down from 150p to 17p over a few weeks, when they had finished it rebounded to 150p over the next few weeks, and a year later was at 500p... |
QXL was something else .. I’ve never seen such craziness since !
Well not to that extreme
Dot com in 99 was let’s say .. rewarding ! |
cyberbub
Reminds me of QXL online auction and NBT, Netbenefit internet hosting company. They rapidly bounced back from the pits. I remember QXL, I think it was swiss bank selling all the way down to the bottom, then things went rapidly positive. |
I remember watching AAZ a few years back, a substantial producing gold miner with large reserves but not very profitable at the gold prices at that time and quite illiquid. It was at around 100p AFAIR and then a 10% holder decided to sell out, they never declared their holding as they were Russian and it's common for Russian/Asian holders not to declare as they know the FCA rarely prosecutes even British holders for breaches, never mind foreigners. The share price dropped steadily for months and then there was a flash plummet to *3p* before it rapidly reversed. Within 2 years it was back to 140p. |
What’s happening here ? |
Something brewing, maybe institutional holdings will transfer to one of the big boys.
Who knows, but I'm still positive. The share price is meaningless, I mean I don't trade shares on AIM, not sure many do these days.
Holding until at least £6 as I can't see the entire business selling for any less. |
Absolutely. They only need to inform at the completion of their trade and if they instructed to sell them all it could be a good while yet. |
In previous cases I've been involved with, the big seller has already pre-placed their entire block with a broker(s), and the broker just tries to sell them all for a profit, which could take weeks or months. So the broker demands a very hefty discount to avoid risk. It's likely IMO that the seller agreed weeks ago at 7p to sell their entire holding at 3p, because they knew they would never be able to sell in the market. So as you say jbravo, the MMs have tried and failed to sell enough of them for 6-5p and are now going for broke as the seller wants them gone by Xmas. Meanwhile they haven't declared a holdings reduction because they haven't actually "sold" the shares at 3p yet, just "agreed in writing" to sell them.Just my thoughts, no advice etc |
The sort of thing that happens when you treat shareholders and the market as an after thought. |
If it's Premier Miton there's no evidence they're anywhere near the end of selling their holding.
Volumes traded are small.
The price is dropping quickly as presumably the MM's know there is more stock to shift and they have to get it down to a level where investors will buy it rather than tens of millions of shares sitting with the MM's. They simply won't accept that many on their books.
They need to move to a level where Miton can shift their 57m
If it's them. And if they're selling it all.
I agree it doesn't feel like a placing. |
IMHO the only possible explanations for dropping like a stone like this are either insiders trading a placing (I think this is unlikely until after the paid launch, but not impossible), or a big seller dumping the last of their holding at any price. |
Although this is bad in the short term, this can be VERY VERY good in the longer term.
It helps get the seller done sooner as less cash is required to clear them. All the signs say it'll be possible to buy in the low 4's. This may change obviously.
It does of course then rely on the company doing something to make the share price appreciate in the end. |
As I warned yesterday, all MM's now moved away from 5p.
Even more worrying, another one just moved away from 4.5p too.
The first big mover went to 3.5p a few days ago. They haven't moved back up. The others are moving down to them.
No one wants to be left holding the baby. |
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