News from this side of the fence!
The great SWINDLE at VERNALIS has continued afoot here! After a poor take up from PI’s the powers that be have been running an artifical spread of between 72/79 pence as they off load the under written stock for the Underwriters. You’ll notice that the SP has now gone into free fall which should tell you that ALL the underwritten stock has now been sold and the sp will automatically correct itself accordingly; DOWNWARDS!!!
To all those who bought their rights at 76p YOU are now showing a loss of over 25% not to mention the loss on your original holdings!
While the underwriters and MM’s have creamed it in YOU the lonely PI’s have suffered a massive DILUTION. YOU WERE ALL WARNED HERE when the rights issue was announced.
There are shorts on this stock sub 50p with stops ranging from 55/45p
Well done to the board of the ROTTEN ship VERNALIS once again you have captained your Boat through the choppy seas away from the rocks but for how long will it continue before THERE IS ANOTHER RIGHTS ISSUE?