Providence Resources - Negative impact - Hello there Mmmmm. Believe negative...

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13:46 28/06/2015

Hello there Mmmmm. Believe negative Comments depress share price given the illiquidity of the market, thin volumes and small free float. This allows Market makers and shorters make a killing. If any potential Farminee or take over candidate is looking at all these comments I believe it does Have An effect. Any 3rd party knows that with Share price depressed they can string the company along knowing that it is extremely difficult and unpalatable to raise money with share price where it is. Given this situation any potential predator can Just sit and wait whilst share price drops lower waiting for the moment to make a low offer. It is not the same raising funding through equity issues with share price at 20p then when share price is at 6 pounds. This adds further pressure on the Company.

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