Struggling to get my head around on this steady decline, looking...

Struggling to get my head around on this steady decline, looking very tempting......

@zaidi675

I do share your feelings, and I have been adding accordingly, over the past few days.

The 4C released on October 26th showed encouraging growth in Receipts from Customers, albeit from a low base, and spend broadly in line with previous guidance.

The arbitration issue with 12 Digit has also been resolved (see August 13th announcement); so, even though OMN remains a bit of a black box at this stage, it seems to me that things are heading in the right direction.

As to the recent price action, my guess is that a) there may still be some unnatural holders slowly getting out of their residual holdings, and b) the first round of forced sales might have been bought into by a lot of weak hands, which are now giving up.

Or possibly a mix of the two.

Cheers