Frontier Resources (FRI) is no more. It is now Concepta (CPT), new shares for the RTO, open offer and placing have been issued and the shares have undergone a 250-1 consolidation. The placing and RTO was at 7.5p ( new money) and the shares now trade at 10p-1.5p which is c0.04p in old money. Once again having been told that there were no flippers in the placing the involvement of Belfort Securities means that there were and when the shares hit 12p earlier the spivs were out. It is a pain but there cannot be that many more Belfort spivs left to flip. The market cap is now £11 million. Concepta describes itself as "a pioneering UK healthcare company that has developed proprietary products and a platform, which targets the personalised mobile health market with a primary focus on women's fertility and specifically unexplained infertility" The open offer enjoyed 196% take up so there will be scaling back from folks in the placing so we believe there is some pent up demand from HNWIs and institutions who are members of the Adam Reynolds fan club. That should mop up the very limited amount of loose stock and the shares will then re-rate on any good news. Post consolidation we suggest buying at anything up to 16p - the target is now 25p to sell by the Autumn. When this starts to move it will move quickly. So put those buy orders in early. - See more at: http://www.*************.com/views/22535/frontier-resources-becomes-concepta-as-rto-completes-buy#sthash.z1pnEanf.dpuf
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