GS Chain is seeking a technology acquisition that will be paid for by a combination of cash and shares. Due to transitional policies concerning the standard list an acquisition will have to lead to a market capitalisation of more than £30m for readmission to the standard list.
The share price opened at 3p and went as low as 2.5p before ending the day at 3.625p (3.5p/4p). There were just over 46,000 shares traded in two trades. Nearly £1,000 worth of shares were bought for 3.8p each.
The share price is many times the underlying asset value of less than 0.2p a share. The original investor...
