Watermark Global Share Discussion Threads

[johnspain] 14/9/2012 12:18

ert - you saying they will give you .10 for 9,999,000 shares online?
that is significant

[ertugrul] 14/9/2012 12:16

you see max buy is 2.5m shares at 0.1390

[ertugrul] 14/9/2012 12:14

first time ever i can sell over 7.5m shares

they take 9m999k at 0.10 in one go :))

[moreforus] 14/9/2012 12:14

could have been given a sale order ..but youd drop the offer to entice people ...not the bid

sometimes they do it to trigger stops ...and deter spread betters

[ertugrul] 14/9/2012 12:10

even bid is little up 0.1130 to sell :))

[johnspain] 14/9/2012 12:04

can confirm, they will take several mil at .11, games

[ertugrul] 14/9/2012 12:02

i guess they are just trying to scare day traders who bought yesterday over 0.15...

so sell at 0.15 and buy back 0.11 or below

thats the MMs game...

so why they want to buy back on this way?

Because they know another news can come any time and as they bought back cheap shares can sell at much higher price to new day traders again at high price

[moreforus] 14/9/2012 11:59

i'd say on a 42.9% spread you really are giving yourself a lot of wiggle room !

[simontrill2] 14/9/2012 11:57

moreforus 14 Sep'12 - 11:55 - 6000 of 6000

lol so they can make money out of WET somehow???


...well, someone has to! lol

[moreforus] 14/9/2012 11:55

lol so they can make money out of WET somehow???

[ertugrul] 14/9/2012 11:54

obviously

the question is why?

[moreforus] 14/9/2012 11:53

so they dropped to 0.08 but the real bid is unchanged??

so its games then!

[moreforus] 14/9/2012 11:51

you mean the real bid??

[ertugrul] 14/9/2012 11:47

buy and sell price is also not changed...

[ertugrul] 14/9/2012 11:45

there is no trade, buy and sell price is still same

[moreforus] 14/9/2012 11:45

coz they is wonkas?

[ertugrul] 14/9/2012 11:43

WTF is going on, why they dropped the bid

[ertugrul] 14/9/2012 11:33

Future is bright, future is WET....

[moreforus] 14/9/2012 11:00

Adna - you are the weakest link

GOODBYE

[adnatrob] 14/9/2012 10:55

johnspain

Re cash position, all we know from the 2012 accounts is that MRI had approx £341,000 prior to the purchase of WET (not a lot).

They expected to raise working capital as part of the share placings to purchase WET. We now know that they have not managed to place the required shares so were does this leave them regarding future working capital?

[moreforus] 14/9/2012 10:51

We will also have some numbers out at the end of the month...it will be interesting to see the burn on the new WET "Investment Co" - they just generated 150k gbp cash revenue in 3 months , i think thats the first money they have ever made so as an operating company they lost shy of 1 mill in 2011 with no overhead apart from Charles royal box at Ascot I wonder whether they are cash flow ....positive....

[peas_n_love] 14/9/2012 10:50

Come on M4, that's not a fair comment about somebody.Both you and JS have earned a certain respect on these threads,let's not drag things down.Peas

[moreforus] 14/9/2012 10:47

Peas I don't think you can exactly claim this thread has been glowingly one sided or positive...!

I blame John Spain for being a zombie magnet