Does anyone know anything about the volume being traded today?
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Picked up 1500 shares a week ago expecting to be throwing money at the wall, but didnât think it would inflate this much so quickly. Too much hype around stuff with no inherent value.
No one wants to touch them - Itâs impossible to sell right now haha (at least, my sell order keeps getting rejected)
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Up by 200%+ now
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LOL. I thought about getting rid of them. Good to know I wouldnât be able anyway.
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I sold mine last week for a small loss. Had problems selling in one go (rejected) so did it in two over a couple of days. I should have waited till today and Iâd have double my money. Ah well.
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I have been struggling to sell these today. Lots of rejections.
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Judging by the sales shown on the LSE site, the chance of dumping it today is near impossible at this price.
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Can someone tell me why you get rejected when you try to buy ?
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Itâs just the order book. If you try and buy at X price but nobody is selling at that price then the order will be rejected and youâll have to re-try. And the same for selling. What is usual (iirc) is a broker will have a bunch of shares to buy and sell so that the orders can be processed normally but if the price is volatile (like today) then they canât keep up either so neither the algorithm or the broker can fill the orders.
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That explains it 
. Thank you
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Freetrade I believe will also reject orders where they donât get a fair price. Itâs very likely there getting a price but itâs so far off that they reject it. Otherwise your post may have instead been why was my shares sold for 8.0p when the price is 8.38p
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I bought at 875 on a dip and it sold me it at 939 
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I found limit orders are quite useful for a stock this volatile. Managed to by at ÂŁ0.05 in the dip last week and sold at ÂŁ0.09 earlier today to take out my original buy-in. Just trading profits now.
Tempting to sell out completely now thoughâŚ
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Made off-hand comment about this to my Dad a couple weeks back, he put a few hundred in and now has sold for 117% profit, no idea whatâs going on with this but double your money in two weeks isnât bad.
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Kind of says it all though doesnât it, is anyone keeping this one around? And if so whatâs the outlook for keeping it?
I still donât know where they plan to even get the money to buy a company when they seem to have none?
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Exactly, thatâs why I said to him today Iâd get out if you can and enjoy the profits. Another stock valuation seemingly divorced from reality.
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I bought them at market open yesterday, just sold them at a 132% profit 
makes no sense. These spacs are out of control
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I âinvestedâ ÂŁ100 at ÂŁ0.05 instead of buying a lottery ticket.
Would be quite fun if it somehow magically gets to ÂŁ1 
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They donât need enough money to buy a company. They are aiming for a Reverse Takeover so the target company will buy PNPL and exchange shares in the private company for shares in the public company. The private company shareholders would normally receive a substantial majority of the new shares dependent on their relative size to PNPL. That would be negotiated as part of the process. The cash in PNPL is just to pay for the Reverse Takeover process and anything left is a bonus for the acquiring company.
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