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Compared to a lot of the dross on AIM. A few reasons from acquisition RNS (7th July) as to why I'm in: Regulatory approvals for launch in China in place - first order from distributor with payment in advance expected following hospital testing after AIM admission CE-Marking for UK and Europe to follow in 2017 Acquisition presents an attractive market opportunity to capitalise on the Chinese and EU infertility market with annual revenue potential worth c.£600m
New dawn, fresh start
Out
I bought mine
Any of you guys snapped up your offer and your warrents? I just did. After losing 4 figures i feel like this is the chance to reclaim some ground.
some big selling going on in chunks 25m at a time. Any one any thoughts on this who or why?
Bought 1.4m today see how it fares in the next few months, I think it may still drift down to the placing price and will not take off until next year when the CE mark is achieved.
Shhhh, wait 2 weeks.
Bought more at 0.49 :)
I have just bought another 1mil and .046 but showing as sell. Would suggest any deals at that or above at the moment are buys.
Thats very true and i appreciate your comments. I have no doubt it will be exciting, their business plan is very compelling.
Anything over 0.03p would reflect confidence in Adam Reynolds and the newco prospectus outlined today. So ok it might only go down to 0.04p to reflect the Reynolds factor but I am not concerned about tomorrow's price. This was to be expected in the short term, the punt is on what the price will be in a year or two, let's say 0.2p in oldco terms or 50p newco if we can replicate Optibiotix. IMO.
Slug yes I am in here although my smallest investment in my portfolio, just 1m shares as a punt on Adam Reynolds that he can do another Optibiotix! Not sure at this stage whether to take up the open offer, might just let the 1m old or 4000 newco shares ride and see what happens in a year or two.
It was mentioned before that it could always go down to NAV if things didnt go according to plan, but they are going according to plan. Any drop tomorrow would be seen as a huge buying opportunity and a poke in the eye for medium term shareholders like myself.
Funnily enough, I've been reading a little deeper since I posted and I have to concede that you are right. Oh well - I guess I will be relying on the open offer and performance of the new company to make my investment here worthwhile. Its the first RTO I've been involved in, and only a modest sum in here, so happy to see how it plays out. Do you see a good potential here? Are you in?
Is the Consolidation level right though 250:1 for existing shares?
Sorry you're wrong slug, the comparisons are new 7.5p (ie £0.075 not 0.075p) vs current 0.03p, ie a factor of 250. The RNS no 4814D even states at para 10 that the new share price is a discount of 48% against current share price, hence the potential drop towards 0.03p tomorrow
Wow.... I looked in here earlier to see someone commenting that someone over on ADVFN had 'done the maths' and basically we're all doomed. So i've just found the time to go take a look - hoping it might shed a little light - expecting a lengthy and in-depth debate, and what do I see? About half a dozen posts, including approximately 2 which had something that barely resembled math - and possibly one of the daftest attempts at analysis I have ever seen. Either a very poor effort at deramping or utter stupidity.... take your pick. For the record, I believe the prices stated are current - IE shares will be placed at .075p in todays money/sp/terms, not post consolidation money/sp/terms. I stand to be corrected, and if I'm wrong so be it. A punt is a punt.
Im not sure I buy into this whole theory that it'll drop to 0.03p on the open tomorrow. 0.03 is only a 2.5 division of 0.075 - not a 250 division. I suspect the whole thing was a ploy to encourage others to sell and present a cheaper buy-in opportunity. I've held on anyway, will be interesting to see how things play out - the RNS's are certainly a complicated reading.
Not sure il be reading the RNSs later! Presume instructions sent to your own broker nominee so we need to contact them to pass on details to interested shareholders.
Get in touch with the brokers i presume, Beaufort Securities.Tel: +44 (0)20 7382 8300 Sadly i am not in the country at this time.
I´ve owned the shares since Feb this year, 10ks worth in fact. How do we qualify or get in on the Open Offer? Sorry for all the questions but i am sure afew people would like to know, every little helps as they say. ;)
Possibly but presumably most people interested in this opportunity would have bought in before today to qualify for the open offer. I know I did rather than wait till after the ex entitlement date has passed. I'm prepared for my existing holding to fall by half initially and then rise over the future months as the newco builds value.
Interesting, but if the price dropped then i would expect huge buying in the existing Ord.shares between now and the 25th.
It will probably drop straight to 0.03p, you won't get chance to sell above 0.03p so may as well hang onto them and wait until the new consolidated shares reach 50p, IMO.