Quote:
Originally Posted by Dephormation
You made me jump.
I'm guessing they are trying to prop the price up over the weekend when there's no trading.
Two days when it looks like its holding its value perhaps?
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I don't think there is much point driving it up unless they think something is going to happen to keep it up. Perception management?
If a glowing PIA is released this evening and people see the share price increase today, they will be queueing up to buy in on Monday morning.
To a large extent, the share price is all about perception. If it went down to 10p phorm would still be in business. They would have lost the ability to raise more cash, along with their business credibility though.
Interesting day (I should get out more!).