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I feel the placing shares tomorrow will hammer this
There is some very poor info going out on this board. It is not a placing but an exercise of warrants at a pre-agreed value (4p). The warrant holder can sell or hold the shares. May well sell for a profit but as 10m share are just 5% of the co. it is not a dramatic no of shares. If, as some suggest, this was stitch up, its a poor one as the RNS would have been better released on the day the warrant issued shares could be traded. If, as has been suggested, the price may drop to 4p or less tomorrow how does that help the warrant holders-their shares will be worth less than the exercise cost. If the company has a genuine track and trace app and can sell it worldwide today's price will look modest.
Rick - excellent post. That should put the derampers in place! Spreading false information...it’s the uninformed who get caught so it’s always best to dyor
10m shares is nothing compared to what was traded today and I would be surprised if the warrants are excercised tomorrow knowing that news will drop about contracts so I will expect this run to continue
I changed my mind after reading the 3pm RNS. Posted that too as I'm open and honest. It's not de ramping from me. It's sharing opinion's on what you think. Have followed here for a while and done some research but I'm not a long term holder so don't know everything on the company. I traded this using technical data to see demand etc as I'm trying to learn that at the moment also.
Few issues I had, In one of the proactive interviews the CEO said investors approached him for the shares. To me AIM is a pile of corruption so that was one red flag. Who are they? My reading of RNS's stated 10m shares at 2p rather than 4p so if I'm wrong my bad. Thats half a million pounds and it's said the warrants cost £40k odd. Thats a serious amount of profit in a short space of time. My conspiracy head thinks that there may be something going on. For me that's enough to take my risk off the table for now till I can see what happens. No mention of monetary value on contracts has been mentioned yet so it's still a risk.
On a positive.
Trading tech's looked unreal all day with huge demand.
APP is a passport and as a regular traveler before covid I can see where this is going. It won't just be COVID. It will be for all your jabs etc when traveling worldwide. Huge potential!
I'm keen to let it cool off and get back in. If I'm wrong its all good, it was a winner anyway.
GLA
Yep - hugh stake - straight to 5%..
It’s is very hot stock now...the product is complete and ready to be unleashed. This is hugh milestone for this company...hence the re-rate now.