Could tha be because its settling back down to its proper price as most people on buying to make a quick profit now. Whether Doug is in talks with people or not, the share price will fluctuate due to it beinga lenghty process.
It went up following Doug saying he was in talks. There's been a lull so now they're dropping. That's fluctuation in the market place. No?
Quote from: "peter w"It went up following Doug saying he was in talks. There's been a lull so now they're dropping. That's fluctuation in the market place. No?It's a steady decline because investors don't believe it's going to happen is my opinion.
I'm not arguing but doesn't the share price change sometimes simply to "drum up buisness"?
Quote from: "Mac"I'm not arguing but doesn't the share price change sometimes simply to "drum up buisness"?How? The share price isn't decided upon by the club, it's down to market forces. People are selling their shares, which isn't usually what you'd expect prior to a takeover. (Obviously the main owner has to sell their shares during a takeover, before any smart arse points that out!)
Given that Petchey has such a huge number of shares mostly bought at the £1-£2 level, if the takeover was looking dead in the water I'd be suprised if he didn't let a small percentage go to take some profit while the going was good, and he clearly hasn't.
People are selling their shares, which isn't usually what you'd expect prior to a takeover.