Up nearlly 15% today and I beleive there could be more to come.

Evil Knievil has tipped it on EvilCast and has bought in 100,000 worth of stock a notifiable interest. He rates the management very highly and says they are attracting all the big bookmakers to the online casino site including punters the likes of William Hill, Chandler, and Ladbrokes. The company are now running at a profit every month and should break into a yearly profit from the years previous loss very soon. The company also ownes in partnership with a Swiss firm Boss another casino site and by all accounts that is doing well.

Im looking at this one as a momentum play pretty high risk as there are competitors out there but I feel the management will give it the edge.

Please DYOR, and remember you are responsible for your own buying and selling actions.

cheers GF.

Ouch. 71.5M shares against 185M existing. That's a huge dilution. Deal me out.

Doug

Yea which ever way you look at it, this is a massive dilution.

MS

Yea which ever way you look at it, this is a massive dilution.

MS

Ouch is right! - that's it - I'm off. Better luck next time... Lucky old directors - and they've got 12 months to spend it before they sell again! Can't say I wouldn't do the same!

Wonder what Evil thinks of his 60p SP target now!!

I think this is a good move by the Directors bearing in mind the growth in the online gambling market. I'm holding long term.

Of course this is a good move for the Directors, they wouldn't have done it if it wasn't. People who run companies look after themselves first, second and last. Share holders are only a means to an end. The private investors are on the bottom of the pile.

MS

How interesting - the price has moved up - when I would have expected it to move down to the 14 p level - je ne comprend pas

B

I've given up trying to understand the markets. They'll make a fool of you every time. On the way up now, Why? Not that I'm complaining.

MS

Mickey,

Maybe this bit has something to do with it -

"The Company is in advanced discussions with mobile network operators with a view
to reaching agreement on supplying mobile casino games to the mobile market on a
partnership and revenue share basis."

No position here, just been watching.

Monday, sp fell when it should have risen. Today it rose when it should have fallen. Justin Drummond now has "just" his 7M warrants. Announcemnet tied to a titbit re mobile trading. The other day their leadership market with the casino website rose. Cap. now up to 40M. I'm finding it difficult to read the next few days. On trading terms a cap. of some 20M is justified. The company could be worth 100M to one of the industry leaders (corresponding to EK's target figure of 60p before issue, now only 40p). Probably best thing from a trading standpoint is the new support level at 14p. So immediate negative reaction of some is overdone.

Eric

Eric ,can you see these going back in to the 20 s again,,and what about the bid speculation,,is there much in that..I find the ups and downs of this one very hard to read..thanks JB...

Jimmy - likewise - I am going on holiday tomorrow and I just cannot read this one. Too risky for me to leave my money in - I think I will take what profit I have and make an early exit tomorrow - otherwise I will only fret about it. Will put it somewhere safe like SEO or NLR!!

And when you come back youl say damn wish i had left it in now it could have payed for the holiday
ask yourself how many times have you said i wish i had ?

The questions still remain.
Will these rise again above 20p?
Will the MMs play their games again and how?
Will the sp be so volatile again and when?
What is this share worth medium / long term?

I believed the long term predictions a week ago. I haven't yet heard anything to convince me that this business will not grow and grow rapidly. If the sp reflects this it should be a good long term bet. Its difficult to see the wood for the trees when the sp is so volatile but the sooner the lemmings stop jumping the sooner this will arrive at some sensible price.....whatever that is.

Any comments would be most welcome

B2B

brain i hope your right,,cause i bought at a high price and im staying in and hoping,, maybe a bid from SBT ???

At some point the huge volume of late will force the normal market size (NMS) to increase, probably to around 100,000.

This will make the share price much less volatile becuase the MMs will no longer be able to move the price to rip-off investors that put in an 'at market price' order for just 50-100k shares.

Does anyone have a link to the formula used by the AIM market for setting the NMS?

How often does the NMs get updated for AIM companies?

In fact, NMS seem to have leapt up to 15,000. I think it was 5,000 yesterday.

Would still like to know how it is calculated

This share has had a rough ride over the last few days, but where is the company after the share issue.
We are not yet aware who has stumped up the 10m.
A view is that the share liquidity was very tight, thus the sale by Directors. Comments have been made "nice for them", but is the reason they were forced to sell to provide the liquidity by the providers of the new capital ?
Where are we now ?. The company has 10m cash, why do they need it?.
Developement or acquisition ? Would the existing shareholders have provide 10m from a rights issue?
Something is about to happen here - sit tight fellas, hang onto you hats and let's see, it could be exciting.
Very minority shareholder.
Predateur

Did anyone notice my post No 334 yesterday about ELA on this site. ELA now doing better than GMC, up 160% already this morning.
sd.