NSE new standard energy limited

Who are the manipulators pushing price down & people who have information about NSE's negotiations ?

  1. 260 Posts.
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    Anatol - I think it is a pipe dream in this market to think the fall in share price is anything other than a recognition that the company is now virtually worthless. It has no cash, is burdened with debt and has absolute greenfield exploration permits (where now no capital is being allocated by anyone - i.e. no one puts any value on them anymore). Certainly they had some bad luck, but management has proven its incompetence in dealing with the situation and shareholders will now pay the price. Pray for a white knight - otherwise its goodnight nurse for these guys. The only light I see is that the bank is also stuffed if these guys go down - so they will keep them afloat just long enough (under a very tight leash) to get their money back - then its good night nurse.
  2. 628 Posts.
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    This stock began trading below 10cents since 24 September 2014. From that date til yesterday there have been 50.3 million shares traded. Not all those shares would be people exiting for good, there would be some traders in between, but assuming all 50.3 million shares were genuine sellers who got enough with the incompetence of management; the register has 386.2 million shares, what happened with the owners of around 335 million shares? Don't they want to claim losses? I have seen stocks go down to zero but on larger volumes, sometimes 2 or 3 times the number of shares on register. NSE is particularly different.
 
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